American Dental Partners Elects New Independent Outside Director.Business Editors WAKEFIELD, Mass.--(BUSINESS WIRE)--July 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 Gerard M. Moufflet has been appointed to its board of directors. Gerard Moufflet is CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. and founder of Acceleration International, a private equity firm based in Boston which invests in the healthcare sector in both Europe and the US. From 1989 to 2001 Gerard Moufflet was a Managing Director at Advent International Advent International - a long-established and leading global private equity investor Background Advent was founded in 1984 by Peter Brooke and Clint Harris to focus on international private equity investing. , one of the world's leading private equity investment firms with funds under management totaling over $6 billion. Mr. Moufflet currently serves on the board of two publicly held companies, Curative Health Services health services Managed care The benefits covered under a health contract and Serologicals Inc. He is also on the Board of several privately held companies privately held company A firm whose shares are held within a relatively small circle of owners and are not traded publicly. including Thommen Medical AG and Medical Simulation Corporation. Mr. Moufflet is also the Chairman of the Board of the Board of Fellows of the Harvard Dental School Noun 1. dental school - a graduate school offering study leading to degrees in dentistry school of dentistry grad school, graduate school - a school in a university offering study leading to degrees beyond the bachelor's degree of Medicine and the Chairman of the French Library and Cultural Center of Boston. "I am pleased that Mr. Moufflet has accepted our invitation to join American Dental Partners' Board of Directors. Gerard has vast knowledge of the dental industry as well as years of experience in the healthcare sector. Gerard brings a valuable combination of operating expertise and investment acumen. Most importantly Adv. 1. most importantly - above and beyond all other consideration; "above all, you must be independent" above all, most especially , he shares a common philosophy with us and a passion and dedication to the dental profession. We are honored to have him on our team," said Gregory A. Serrao, Chairman of the Company. 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" 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, 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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