Guardian Life Insurance Company of America has acquired Preferred Dental L.L.C., a dental provider network.
Preferred Dental, Las Vegas, has contracts with about 800 Nevada dentists, according to Guardian, New York.
Guardian will emerge from the deal with 1,050 “unique network dentists” in Nevada.
The deal also should improve dental network provider discounts in Nevada by 6%, Guardian says.
In other insurance acquisition news:
- Principal Financial Group Inc., Des Moines, Iowa (NYSE:PFG), and Banco do Brasil S.A., Rio de Janeiro, have agreed to extend the BrasilPrev Seguros e Previd?ncia S.A. pension and long-term asset accumulation joint venture in Brazil.
BrasilPrev will have the exclusive right to manufacture and distribute products within the Banco do Brasil network for 23 years, according to Principal and Banco do Brasil.
BrasilPrev now has about $16 billion in assets under management in 3 million consumer accounts.
Principal will own 50.01% of the common stock of the joint venture, and Banco do Brasil will own 49.99%, the companies say.