SOURCE: American Dental Partners, Inc.

May 29, 2007 17:23 ET

American Dental Partners Announces Affiliation With Valley Dental Group

WAKEFIELD, MA--(Marketwire - May 29, 2007) - American Dental Partners, Inc., (NASDAQ: ADPI) announced today that the Company completed an affiliation with Valley Dental Group ("Valley Dental"). The Company acquired certain non-clinical assets and entered into a 40-year service agreement with the dental group.

Founded in 1974, Valley Dental is a multi-specialty dental group with eight dentists located in Golden Valley, Minnesota. Valley Dental generates approximately $5 million in patient revenue annually and is accredited by the Accreditation Association for Ambulatory Health Care ("AAAHC").

"We have known Valley Dental Group for more than a decade. The leadership of Valley Dental has demonstrated its commitment to clinical excellence and innovation over a very long period of time, including active involvement with the AAAHC and the American Academy of Dental Group Practice ("AADGP") and also was one of the founding partners of Park Dental," said Gregory A. Serrao, Chief Executive Officer of American Dental Partners. "We remain committed to the Twin Cities through our affiliations with Assure Dental, Orthodontic Care Specialists, Park Dental and Valley Dental Group. We look forward to bringing our skills and resources to Valley Dental for its future success."

American Dental Partners is one of the nation's leading business partners to dental group practices. The Company is affiliated with 23 dental groups which have 214 dental facilities with approximately 1,973 operatories located in 18 states.

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: With the exception of the historical information contained in this news release, the matters described herein contain "forward-looking" statements that involve risk and uncertainties that may individually or collectively impact the matters herein described, including but not limited to the possibility that we may not realize the benefits expected from our acquisition and affiliation strategy, economic, regulatory and/or other factors outside the control of the Company, which are detailed from time to time in the "Risk Factors" section of the Company's SEC reports, including the annual report on Form 10-K for the year ended December 31, 2006.

Contact Information

  • Contacts:
    Gregory A. Serrao
    Chairman, President and
    Chief Executive Officer
    781-224-0880

    Breht T. Feigh
    Executive Vice President, Chief
    Financial Officer and Treasurer
    781-224-0880

    American Dental Partners, Inc.
    401 Edgewater Place, Suite 430
    Wakefield, MA 01880
    Phone: 781/224-0880
    Fax: 781/224-4216