Close Close
Sign In
Newsletters
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards
Podcast Center Video Center Webcasts Resource Center Events
About ThinkAdvisor Contact Us Advertise With Us Asset & Logo Licensing Sitemap Terms of Service Privacy Policy Copyright © 2024 ALM Global, LLC. All Rights Reserved.
ThinkAdvisor

Life Health > Health Insurance

SafeGuard To Acquire Health Net Dental Unit

By Staff Writer

X
Your article was successfully shared with the contacts you provided.

NU Online News Service, April 8, 2003, 11:29 a.m. EDT – SafeGuard Health Enterprises Inc., Aliso Viejo, Calif., has agreed to buy a dental subsidiary from Health Net Inc., Los Angeles. SafeGuard has also issued a letter stating that it intends to buy Health Net’s vision care subsidiary.

The price and other terms were not immediately available, but SafeGuard says it hopes to get permission from regulators to complete the deals by the end of the year.

Health Net would keep the Health Net Dental and Vision brand names, but Health Net medical sales representatives would sell products underwritten and administered by other companies.

SafeGuard reported in March that it was providing or administering dental coverage for 800,000 people in California, Florida and Texas.

Completing the proposed Health Net deals would give SafeGuard a total of 1.4 million dental and vision plan members, SafeGuard says.

In related news, Health Net says it has signed a letter of intent to distribute vision care programs from EyeMed Vision Care L.L.C., Mason, Ohio, together with Health Net medical plans.

The letter of intent calls for EyeMed to administer Health Net-branded vision products, Health Net says.

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.