American Dental Partners Appoints New Director
28 April 2009 - 10:39PM
Marketwired
American Dental Partners, Inc. (NASDAQ: ADPI) announced today that
its board of directors appointed David E. Milbrath, D.D.S. as a
board member.
Dr. Milbrath is the Chairman of Metropolitan Dental Management,
Inc., the management company that was acquired in connection with
the Company's affiliation with Metro Dentalcare, one of the
Company's Minnesota affiliated dental groups. Dr. Milbrath earned
his doctor of dental surgery degree from the University of
Minnesota and in 1968 opened his first practice which led to his
founding of Metro Dentalcare. He also founded Merit Dental Lab, a
full-service prosthetic dental lab. At the time of affiliation with
the Company, Metro Dentalcare had grown to 34 dental facilities
with 90 dentists. Dr. Milbrath is a member of the American Dental
Association, the Minnesota Dental Association and the Minneapolis
District Dental Society.
"We are pleased to have Dr. Milbrath join our board of
directors," commented Gregory A. Serrao, Chairman, President and
CEO of American Dental Partners. "Dr. Milbrath brings an
accomplished career in group dental practice, having built one of
the largest dental groups in the nation. We look forward to Dr.
Milbrath's contributions to the future success of American Dental
Partners."
American Dental Partners is one of the nation's leading business
partners to dental group practices. The Company is affiliated with
25 dental group practices which have 241 dental facilities with
approximately 2,107 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
Company's risks associated with its ability to refinance its credit
facilities on satisfactory terms, overall or regional economic
conditions, dependence upon affiliated dental practices, contracts
its affiliated practices have with third-party payors, dependence
upon service agreements and government regulation of the dental
industry, the impact of any terminations or potential terminations
of such contracts and the Company's acquisition and affiliation
strategy, 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, 2008.
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
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