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:
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). |
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