InterDent, Inc. Adds Seven Dental Practices in Detroit, Michigan; First Transaction for InterDent as A New Corporate Entity.EL SEGUNDO El Segundo (ĕl sēgŭn`dō), industrial city (1990 pop. 15,223), Los Angeles co., S Calif., on Santa Monica Bay; inc. 1917. Its products include navigation and computer systems, aircraft parts, office machines, telephone apparatus, and , Calif.--(BW HealthWire)--March 12, 1999--InterDent, Inc. and its wholly-owned subsidiaries, Gentle Dental Service Corporation (Nasdaq:GNTL) and Dental Care Alliance, Inc. (Nasdaq NM: DENT), today announced it has added seven dental practices and a dental laboratory A dental laboratory is a light manufacturing facility for the production of dental restorations on the order of a dentist. Dental laboratories may make dentures, crowns, or other dental restorations such as implant crowns. , with combined annualized annualized Of or relating to a variable that has been mathematically converted to a yearly rate. Inflation and interest rates are generally annualized since it is on this basis that these two variables are ordinarily stated and compared. net patient revenue under management of approximately $6 million, located in and around Detroit, Michigan “Detroit” redirects here. For other uses, see Detroit (disambiguation). Detroit (IPA: [dɪˈtʰɹɔɪt]) (French: Détroit, meaning strait . The addition includes the purchase of certain assets as well as the assumption of outstanding receivables and certain liabilities. Prior to this transaction, four of the seven facilities were affiliated with InterDent through a third party. By contracting with these practices directly, InterDent will benefit from a higher margin contribution from these centers. Michael Fiore, Co-Chairman and Chief Executive Officer of InterDent, stated, "This accretive addition is further reinforcement of InterDent's strategic plan to build geographically-based networks in strong demographic markets, as it strengthens our existing position in the Detroit area. We are also adding several experienced practitioners who are familiar with the geographic region and will be joining our Regional Operations and Development Team." Dr. Steven Matzkin, Co-Chairman, President and Chief Dental Officer The Chief Dental Officer is an official position created by the Government of Canada to improve the oral health status of Canadians and to increase awareness about the prevention of oral diseases. of InterDent, Inc., added, "We are particularly pleased to welcome on board Dr. Ross Johnson The name Ross Johnson can refer to:
In a related press release yesterday, InterDent announced it had received shareholder approval for its planned merger. InterDent today announced financial results for its Gentle Dental and Dental Care Alliance wholly-owned subsidiaries. InterDent will begin trading on the NASDAQ National Market System under the symbol DENTD DENTD Drivers Ed, Not Teens Dead on the first day following the consummation of the merger. InterDent is the largest provider of dental management services in the US. The company provides dental management services to 183 locations in California, Oregon, Washington, Idaho, Nevada, Hawaii, Florida, Georgia, Michigan, Pennsylvania and Indiana. Presently, InterDent has over $210 million in annualized net patient revenues under management. The company is continuing to expand by building a fully integrated support environment utilizing advanced information technologies to enable dental professionals to provide patients with high quality, comprehensive, convenient and cost effective care. This press release contains forward-looking statements that are made pursuant to the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. provisions 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 forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Those risks and uncertainties include InterDent's ability to close and absorb future acquisitions, the economic climate in the Company's service areas, potential changes in government regulation and in the dental insurance Dental insurance is insurance designed to pay the costs associated with dental care. Dental insurance pays a portion of the bills from dentists, hospitals, and other providers of dental services. industry, actions by competitors, and other factors disclosed in the Company's filings with the Securities and Exchange Commission. The forward-looking statements should be considered in light of these risks and uncertainties. |
|
||||||||||||||

Printer friendly
Cite/link
Email
Feedback
Reader Opinion