InterDent, Inc. Announces Shareholder Approval of Merger; Upon Completion of the Merger, InterDent will have over $210 Million in Annualized Net Patient Revenue Under Management.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 11, 1999--InterDent, Inc. announced today that shareholders of both Gentle Dental Service Corporation (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 : GNTL) and Dental Care Alliance, Inc. (NASDAQ NM: DENT) have approved the planned merger, which will create the nation's largest publicly-traded dental management service company. Under the terms of the agreement, each share of Dental Care Alliance common stock will be converted into 1.67 shares of InterDent common stock and each share of Gentle Dental common stock will be converted into 1 share of InterDent common stock. The merger will be accounted for as a pooling-of-interests. 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. The company will have approximately 25.3 million fully-diluted shares outstanding. The merger combines two of the largest and fastest growing companies in the dental management service industry, each with 12-month revenue growth exceeding 100 percent. InterDent, with 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 over $210 million, operates more than 180 dental offices in eleven states, and will be headquartered in El Segundo, California
El Segundo is a city in Los Angeles County, California on the Santa Monica Bay, incorporated on January 18, 1917. The population was 16,033 at the 2000 census. with regional offices in Sarasota, Florida and Vancouver, Washington. 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 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. |
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