Exhibit 99.1

American Dental Partners, Inc.

401 Edgewater Place, Suite 430

Wakefield, MA 01880

 

Phone: 781/224-0880      Fax: 781/224-4216

 

 

 

For Immediate Release

 

Contacts:    Gregory A. Serrao    Breht T. Feigh
   Chairman, President and    Executive Vice President,
   Chief Executive Officer    Chief Financial Officer and Treasurer
   781-224-0880    781-224-0880

AMERICAN DENTAL PARTNERS REPORTS

SECOND QUARTER AND SIX MONTHS ENDING 2010 FINANCIAL RESULTS

WAKEFIELD, MASSACHUSETTS – July 26, 2010 – American Dental Partners, Inc. (NASDAQ: ADPI) announced financial results today for the quarter and six months ended June 30, 2010.

Comparing results for the second quarter of 2010 with results for the second quarter of 2009:

 

   

Net revenue was $72,366,000 for the second quarter of 2010 as compared to $70,378,000 for the second quarter of 2009.

 

   

Earnings from operations were $7,959,000 for the second quarter of 2010 as compared to $7,454,000 for the second quarter of 2009.

 

   

Net earnings were $3,112,000 for the second quarter of 2010, which included $493,000 of expenses, net of tax, associated with senior debt refinancing and affiliation with Cincinnati Dental Services, as compared to $3,012,000 for the second quarter of 2009.

 

   

Diluted net earnings per share were $0.19 for the second quarter of 2010, which included $0.03 per share of expenses, net of tax, associated with senior debt refinancing and affiliation with Cincinnati Dental Services, as compared to $0.23 for the second quarter of 2009.

 

   

Diluted cash net earnings per share were $0.29 for the second quarter of 2010, which included $0.03 per share of expenses, net of tax, associated with senior debt refinancing and affiliation with Cincinnati Dental Services, as compared to $0.33 for the second quarter of 2009.

Comparing results for the six months ending 2010 with results for the six months ending 2009:

 

   

Net revenue was $144,220,000 for the six months ending 2010 as compared to $139,763,000 for the six months ending 2009.

 

   

Earnings from operations were $14,573,000 for the six months ending 2010 as compared to $13,403,000 for the six months ending 2009.

 

   

Net earnings were $5,457,000 for the six months ending 2010, which included $546,000 of expenses, net of tax, associated with senior debt refinancing and affiliation with Cincinnati Dental Services, as compared to $4,433,000 for the six months ending 2009.

 

   

Diluted net earnings per share were $0.34 for the six months ending 2010, which included $0.03 per share of expenses, net of tax, associated with senior debt refinancing and affiliation with Cincinnati Dental Services, as compared to $0.34 for the six months ending 2009.

 

   

Diluted cash net earnings per share were $0.52 for the six months ending 2010, which included $0.03 per share of expenses, net of tax, associated with senior debt refinancing and affiliation with Cincinnati Dental Services, as compared to $0.55 for the six months ending 2009.


The following information was filed by American Dental Partners Inc (ADPI) on Wednesday, July 28, 2010 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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