American Dental Partners Affiliates With Western New York Dental Group.Business Editors and Health/Medical Writers WAKEFIELD, Mass.--(BUSINESS WIRE)--Jan. 14, 2000 American Dental Partners, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :ADPI ADPI Alpha Delta Pi Sorority ADPI American Dairy Products Institute ADPI Analog Devices (Philippines) Inc ADPI Australian Dance Performance Institute (Brisbane, QLD, Australia) ) announced today that the Company completed an affiliation with Western New York
Western New York refers to the westernmost region of New York State. Dental Group ("WNYDG") located in Buffalo, New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of . The Company acquired certain non-clinical assets and entered into a 40-year service agreement with the dental group. WNYDG, a group practice with eight general dentists and four dental facilities, generated approximately $3 million in practice revenue in 1999. "WNYDG epitomizes the high quality, high caliber dental group practices which we seek to affiliate. Founded in 1972 by Dr. Robert Giannada and Dr. Roland Bergler, WNYDG has a long and successful history. We are pleased to have WNYDG join our team of affiliates," said Gregory A. Serrao, Chief Executive Officer of American Dental Partners. "This affiliation marks our entry into the state of New York, and we are excited by the growth opportunities offered in the western New York region." He also added, "The leadership of WNYDG is an active supporter of group dental practice Noun 1. dental practice - the practice of dentistry practice - the exercise of a profession; "the practice of the law"; "I took over his practice when he retired" , publishing articles in leading dental publications and lecturing both nationally and internationally. We plan to build upon the success of WNYDG by bringing business and financial resources to the group and by increasing market share over time." American Dental Partners, Inc. is one of the nation's leading dental practice management companies. Including this transaction, the Company is affiliated with 19 dental group practices which include 138 dental facilities with more than 1,200 operatories located in Alabama, Arizona, California, Louisiana, Maryland, Minnesota, New York, North Carolina North Carolina, state in the SE United States. It is bordered by the Atlantic Ocean (E), South Carolina and Georgia (S), Tennessee (W), and Virginia (N). Facts and Figures Area, 52,586 sq mi (136,198 sq km). Pop. , Oklahoma, Pennsylvania Oklahoma is a borough in Westmoreland County, Pennsylvania, United States. The population was 915 at the 2000 census. Geography Oklahoma is located at (40.581613, -79.574586)GR1. , Texas, Virginia and Wisconsin. Note: Some of the information in this press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. The words "believe," "expect," "anticipate," "project," and similar expressions, among others, identify forward-looking statements. Forward-looking statements speak only as of the date the statement was made. Such forward-looking statements are subject to uncertainties and other factors that could cause actual results to differ materially from those projected, anticipated or implied. Certain factors that might cause such a difference include, among others, the Company's risks associated with its acquisition and affiliation strategy, management of rapid growth, dependence upon affiliated dental groups, dependence upon service agreements, government regulation of the dental industry and year 2000 compliance issues. Additional risks, uncertainties and other factors are set forth in the "Risk Factors" section of the Company's Registration Statement on Form S-4 (File No. 333-56941) |
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