February 27, 2001
American Dental Partners, Inc. reported fourth quarter earnings of $1.5 million, or 21 cents a share, down slightly from a year-ago profit of $1.6 million, or 21 cents a share. Wall Street analysts on average were expecting the Company to earn 24 cents a share. The Company attributed its earnings shortfall to severe weather, which impacted earnings by 3 cents in the fourth quarter. The Company also said that a number of affiliates have had their contracts with benefit provider Cigna Dental terminated. The affiliates are currently negotiating with Cigna Dental and Protective Life for new provider contracts but American Dental said the disruption caused by the terminations may reduce earnings by 5 to 10 cents a share in both the first and second quarters.
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January 3, 2001
American Dental Partners, Inc. announced the promotion of Breht T. Feigh as Vice President, Chief Financial Officer and Treasurer. Mr. Feigh replaces Ronald M. Levenson who has left the Company to pursue other opportunities.
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December 20, 2000
The University of Rochester and American Dental Partners, Inc. have entered into an exclusive agreement to collaborate on clinical research projects. This joint effort will combine the research capabilities of Dentistry at the University of Rochester with the clinical network of American Dental Partners' affiliated dental groups.
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September 1, 2000
American Dental Partners, Inc. announced that the Company completed an affiliation with American Family Dentistry of Memphis, P.C. located in Tennessee and Mississippi. The Company acquired certain non-clinical assets and entered into a 40-year service agreement with the dental group.
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June 19, 2000
American Dental Partners, Inc. announced that it has completed an affiliation with Nathan Bell, DDS, PA, located in North Carolina. Nathan Bell & Associates is a group dental practice with 18 dentists and nine locations in Charlotte and Raleigh-Durham, North Carolina.
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April 19, 2000
American Dental Partners, Inc. announced that the Company completed affiliations with two dental practices in Alabama. Both practices will join the Company's existing Alabama affiliate, Dental Care of Alabama. These new affiliations are located in Gadsden and Birmingham, Alabama and generate patient revenue in excess of $2 million. The Dental Center, located in Gadsden, will continue operations in its existing location. The Birmingham practice was combined with an existing Dental Care of Alabama dental facility.
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February 3, 2000
American Dental Partners, Inc. announced that the Company completed an affiliation with Columbia Dental Associates, located in Columbia, Maryland. Columbia Dental Associates will join the Company's existing affiliate in central Maryland, Hill Dental Group.
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January 14, 2000
American Dental Partners, Inc. announced that the Company completed an affiliation with Western New York Dental Group (WNYDG) located in Buffalo, New York. The Company acquired certain non-clinical assets and entered into a 40-year service agreement with the dental group. WNYDG, a group practice with eight general dentists and four dental facilities, generated approximately $3 million in practice revenue in 1999.
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January 5, 2000
American Dental Partners, Inc. announced that its affiliated dental group in Minnesota, Orthodontic Care Specialists, received accreditation status from the Accreditation Association for Ambulatory Health Care (AAAHC) on December 22, 1999. Orthodontic Care Specialists is the first and only orthodontic group and one of only 8 dental practices in the United States to receive this recognition.
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December 17, 1999
American Dental Partners, Inc. announced that its Board of Directors has authorized a stock repurchase program under which the Company may purchase up to $5 million of its outstanding common stock in the open market at price levels and at times the Company deems appropriate.
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December 16, 1999
American Dental Partners, Inc. announced that its affiliated dental group in Arizona, Associated Dental Care Providers, received accreditation status from the Accreditation Association for Ambulatory Health Care (AAAHC).
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October 26, 1999
American Dental Partners, Inc. announced that one of its affiliated dental groups in Milwaukee, Wisconsin, Northpoint Dental Group, received accreditation status from the Accreditation Association for Ambulatory Health Care (AAAHC). Northpoint Dental is one of only 7 dental practices in the United States to receive this recognition and is the second American Dental Partners affiliate accredited by AAAHC.
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September 22, 1999
American Dental Partners, Inc. announced that the Company completed affiliations with four dental practices located in California. The Company acquired certain non-clinical assets and entered into 40-year service agreements with each of these dental groups. In the aggregate, these four group dental practices have 22 dentists and generated approximately $13 million of patient revenue in 1998.
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August 25, 1999
American Dental Partners, Inc. announced that the Company recently completed affiliations with two dental groups located in existing markets. Together these practices, which include seven dentists, generated $2.6 million of patient revenue in 1998
Founder: The Free and Clear Foundations of Earth, Chairman & CEO Penny King Productions, The Free and Clear Bancorporation, Senior Trustee; The Free and Clear Fund. A former banker, top analyst at exchange.com before they ran out of money, and Chairman o
