East Coast dental insurer acquires two units from regional competitor
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Alexandria, Virginia-based dental insurer Dominion Dental Services Inc. on Thursday said it is acquiring Boston-based DentaQuest Management Inc. units DentaQuest Mid-Atlantic Inc. and DentaQuest Virginia Inc.
The deal is expected to close Dec. 31 and is pending regulatory approval, according to a joint statement released Thursday. Terms were not disclosed.
The deal adds more than 90,000 members throughout Maryland, Virginia and Washington, bringing Dominion’s total members to more than 700,000.
DentaQuest Mid-Atlantic and DentaQuest Virginia employees will continue to operate in their current locations until the end of the year.
Virginia members enrolled in DentaQuest Virginia’s low option dental plan through the federally facilitated marketplace will continue to be offered a plan with another DentaQuest affiliate, according to the statement.
“DentaQuest will continue to deliver on our mission to improve the oral health of all through the administration of government programs and the work of the DentaQuest Foundation and DentaQuest Institute in the region,” Dentaquest president and CEO Steve Pollock said in the statement.
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