SOURCE: American Dental Partners, Inc.

June 11, 2007 09:14 ET

American Dental Partners Announces Separate Affiliations With Sacramento Oral Surgery and Westlake Surgical Associates

WAKEFIELD, MA--(Marketwire - June 11, 2007) - American Dental Partners, Inc., (NASDAQ: ADPI) announced today that the Company completed affiliations with Sacramento Oral Surgery ("SOS") and Westlake Surgical Associates ("Westlake Surgical"). In both affiliations the Company acquired certain non-clinical assets and entered into 40-year service agreements with the dental groups.

Sacramento Oral Surgery was founded in 1990 and is an oral surgery group with seven oral surgeons and four facilities located in greater Sacramento, California. SOS generates approximately $7 million in patient revenue annually. "We are excited and honored that the owner doctors of SOS have elected to partner with us. SOS is a clinically excellent group practice that has been quite successful. They have a strong presence in a high growth market," said Gregory A. Serrao, Chief Executive Officer of American Dental Partners, Inc.

Westlake Surgical is a one location oral surgery practice in Austin, Texas. As part of the transaction, Westlake Surgical and Longhorn Dental Associates, the Company's existing affiliate in Texas, contributed their oral surgery practices into the newly formed Texas Oral Maxillofacial Surgical Associates ("TOMSA"). As a result, TOMSA will employ three oral surgeons, with three locations, generating $3 million in patient revenue annually.

"American Dental Partners has had great success as a business partner to specialty dental groups, particularly in the orthodontic specialty. We anticipate these two, well respected, oral surgery groups will grow and thrive with the added depth of resources we bring through affiliation," said Mr. Serrao.

American Dental Partners is one of the nation's leading business partners to dental group practices. The Company is affiliated with 25 dental groups which have 219 dental facilities with approximately 1,983 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

    Breht T. Feigh
    Executive Vice President, Chief Financial Officer and Treasurer

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