SOURCE: Dental Patient Care America Inc.

January 08, 2008 09:00 ET

Dental Patient Care America Begins 2008 With Two Considerable Practice Closings

SALT LAKE CITY, UT--(Marketwire - January 8, 2008) - Dental Patient Care America (OTCBB: DPAT) announces the closing of two additional Practice Purchase Agreements effective January 1, 2008. These premier dental practices located in Tooele and Weber County will be added to DPCA's growing collection of practices who have entered into transition agreements.

"Management could not be more pleased with the roll out of our new Practice Transition Program," states Marlon Berrett, President of Dental Patient Care America. "This new program allows dentists to pre-arrange the transition of their practice for an established value and then exit at a time of their choosing. I'm not aware of anyone who can offer this level of flexibility and value to dentists who are seeking to sell their practice in the market today."

"As we continue to present this offering to interested dentists, it's apparent that we have eliminated many risks that are normally associated with a traditional buyout." Mr. Berrett continues, "Often times the selling dentist must carry a note on behalf of the incoming dentist over a period of time hoping that the new dentist will be able to deliver all that was agreed upon in the transition arrangement. We have not only eliminated that risk by offering all cash to the exiting dentist but provide unprecedented financing and corporate tools to help the incoming dentist develop and grow that practice in ways that could not be achieved without membership in the Dental Cooperative. It's a winning situation for both parties."

Dental Patient Care America closed seven Purchase Agreements in 2007 and estimates another 50 closings in 2008.

About Dental Patient Care America:

Dental Patient Care America, Inc. operates Dental Cooperative, Inc. and acquires, develops, finances, and provides various cooperative services to independent dentists in geographically select markets. DPCA's distinctive finance package allows a dentist to pre-sell their practice for a specified value. In return, the dentist commits to manage and operate his or her dental practice at an agreed upon production level for a minimum one-year period.

DPCA provides multiple services to independent dental practitioners. The company organizes dentists through a unique combination of acquiring practice assets and providing management services. The "Cooperative" model is used to network dental practices, allowing member dentists access to a variety of benefits which would remain unavailable to them individually. These benefits include profit sharing, health care, supply purchasing programs, laboratory services, practice financing and retirement programs.

The Cooperative model also allows DPCA to offer group and individual dental insurance plans through its affiliation with Dentist Direct, LLC. (www.usdentistdirect.com)

Dental Patient Care America, or "Dental Cooperative," is headquartered in Salt Lake City, Utah. Current membership consists of over 100 independent dentists and nearly 500 dental providers participating on the Dentist Direct Dental panel.

Contact Information

  • For Further Information Contact:

    Andrew Eberhardt
    Vice President
    Dental Patient Care America Inc.
    801-990-3311