Printer Friendly
The Free Library
19,585,946 articles and books
Member login
User name  
Password 
 
Join us Forgot password?

American Dental Partners Announces Affiliation with Redwood Dental Group.


Business Editors

WAKEFIELD, Mass.--(BUSINESS WIRE)--May 1, 2003

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 Redwood redwood: see sequoia; brazilwood.
redwood
 or sequoia

Coniferous evergreen timber tree (Sequoia sempervirens) of the family Taxodiaceae, found in the fog belt of west-coastal North America.
 Dental Group ("Redwood Dental"). The Company acquired certain non-clinical assets and entered into a 40-year service agreement with the dental group. Founded in 1962, Redwood Dental is a 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"
 with twenty dentists Dentists can refer to one of the following:
  • Practitioners of dentistry
  • The Dentists, a British band active in the 1980s and 1990s
 and five facilities located northeast of Detroit, Michigan “Detroit” redirects here. For other uses, see Detroit (disambiguation).
Detroit (IPA: [dɪˈtʰɹɔɪt]) (French: Détroit, meaning strait
, generating approximately $12 million in patient revenue annually.

"Redwood Dental Group is one of Michigan's most respected dental group practices," said Greg Serrao, Chief Executive Officer of American Dental Partners. "Its partners, Drs. Murray Murray, river, Australia
Murray, principal river of Australia, 1,609 mi (2,589 km) long, rising in the Australian Alps, SE New South Wales, and flowing westward to form the New South Wales–Victoria boundary.
 Yoffee, Arthur Woehrlen and Mark Bouchillon, and all the doctors and staff of Redwood Dental have built a superb reputation through an unwavering dedication to quality care and a commitment to patient satisfaction. Redwood Dental exemplifies the high caliber dental groups with which American Dental Partners seeks to affiliate, and we are proud to have it join our family of affiliated dental groups." Mr. Serrao continued, "We plan to build upon the successes of Redwood Dental by bringing business and financial resources to the group."

Dr. Murray Yoffee, President of Redwood Dental Group, stated, "This is an exciting milestone in the ongoing evolution of our organization. My partners and I view the affiliation with American Dental Partners as an extremely positive development for our patients, doctors and support staff." Dr. Yoffee added, "Redwood Dental has accomplished a great deal during its 40-year history but we feel that in order to achieve our long-term vision of being Michigan's premier dental group for generations to come, we require the resources and capabilities of an experienced and trusted business partner - attributes that American Dental Partners will bring to our affiliation."

American Dental Partners is one of the nation's leading business partners to dental groups. The Company is affiliated with 23 dental groups which have 174 dental facilities with approximately 1,530 operatories located in 17 states.

Note: Some of the information in this press release contains "forward-looking statements forward-looking statement

A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections.
" 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 overall or regional economic conditions, contracts its affiliated dental groups have with third party payors and the impact of any terminations or potential terminations of such contracts, the cost of and access to capital, fluctuations in labor markets labor market A place where labor is exchanged for wages; an LM is defined by geography, education and technical expertise, occupation, licensure or certification requirements, and job experience , the Company's acquisition and affiliation strategy, management of rapid growth, dependence upon affiliated dental groups, dependence upon service agreements and government regulation of the dental industry. 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).
COPYRIGHT 2003 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2003, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Geographic Code:1USA
Date:May 1, 2003
Words:503
Previous Article:Candie's, Inc. Announces License of Its BONGO Footwear Business to Kenneth Cole Productions, Inc.
Next Article:FPIC Insurance Group, Inc. Announces First Quarter 2003 Earnings Conference Call.



Related Articles
American Dental Partners Affiliates With OK Dental.
American Dental Partners Announces Affiliation With 1st Advantage Dental.
American Dental Partners Reports Second Quarter and First Half 2003 Results.
Buckle-up and smile for life: uncommon partners find common ground to collaborate and eliminate disparities: Part 2.
Best's rating changes.
Professional development through local connections.
The museum of the profession.
American Dental Partners Announces Affiliation with Premier Dental Partners.
American Dental Partners Announces Affiliation with Dental Associates of Rochester.
Best's rating changes.

Terms of use | Copyright © 2012 Farlex, Inc. | Feedback | For webmasters | Submit articles