SOURCE: American Dental Partners, Inc.

March 10, 2008 17:11 ET

American Dental Partners Announces Affiliation With Advanced Dental Specialists

WAKEFIELD, MA--(Marketwire - March 10, 2008) - American Dental Partners, Inc. (NASDAQ: ADPI) announced today that the Wisconsin Dental Group, S.C., the affiliated practice at Forward Dental, has formed a new affiliated dental group, Advanced Dental Specialists ("ADS").

The Company entered into a service agreement with Advanced Dental Specialists, L.L.C., and Wisconsin Dental Group, S.C. contributed its oral surgery, periodontic, and endodontic practices to ADS. Concurrent with this transaction, the Company also completed an affiliation with Christopher J. Meyers, D.D.S., S.C. and Margita U. Meyers, D.M.D., L.L.C., acquiring certain non-clinical assets of the two practices. The Meyers practices generate approximately $2 million of patient revenue annually.

Christopher J. Meyers, D.D.S. is an oral surgeon and has joined ADS. Margita U. Meyers, D.M.D. is a pediatric dentist and has joined Forward Dental. As a result of these transactions, ADS will have one oral surgeon, three endodontists and three periodontists, and Forward Dental will have five pediatric dentists.

"These transactions represent a strategic move for American Dental Partners, Forward Dental and Drs. Meyers. We have found it beneficial for our affiliated dental groups to develop separate specialty practices. This separation creates capacity in the general practices for additional general dentistry care, and the establishment of specialty practices allows for the creation of a separate identity with practices designed to meet the unique requirements of specialty care," said Gregory A. Serrao, Chief Executive Officer of American Dental Partners, Inc. "We are pleased Drs. Meyers, well respected doctors in Milwaukee, have chosen to participate in this strategic move," Mr. Serrao concluded.

American Dental Partners is one of the nation's leading business partners to dental group practices. The Company is affiliated with 27 dental groups which have 242 dental facilities with approximately 2,104 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, 2007.

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