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Sun Life To Acquire Dentaquest, A Leader In Dental Benefits In The United States

PUBLIC · SLFOct 03, 2021

Acquiring Company

Sun Life Financial

Acquired Company

DentaQuest

CanadaWellesley HillsFinancial ServicesHealth CareFood And BeverageFinanceConsultingInsuranceSoftwareHealth Care

Description

Sun Life Financial Inc. (TSX: SLF) (NYSE: SLF), through its U.S. business, has entered into a definitive agreement to acquire DentaQuest, for US$2.475 billion (approximately C$3.1 billion). Headquartered in Boston and founded in 2001, DentaQuest is the largest provider of Medicaid dental benefits in the U.S. with growing Medicare Advantage, commercial and U.S. Affordable Care Act (ACA) exchange businesses. Currently DentaQuest has more than 33 million members in 36 states and approximately 2,400 employees.

Quick answer

Sun Life Financial is acquiring DentaQuest, announced October 3, 2021. Sun Life Financial is based in Canada.

How much did Sun Life Financial pay for DentaQuest?
The deal value was not disclosed.
What does Sun Life Financial do?
Sun Life is a leading international financial services organization providing asset management, wealth, insurance and health solutions to individual and institutional Clients.
Where are Sun Life Financial and DentaQuest based?
Sun Life Financial is based in Canada. DentaQuest is based in Wellesley Hills, Massachusetts, United States.
Who are the decision-makers at Sun Life Financial?
Fundz holds 3 contacts at Sun Life Financial. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

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Company Information

Company

Sun Life Financial

Location

Canada

About

Sun Life is a leading international financial services organization providing asset management, wealth, insurance and health solutions to individual and institutional Clients. Sun Life has operations in a number of markets worldwide, including Canada, the United States, the United Kingdom, Ireland, Hong Kong, the Philippines, Japan, Indonesia, India, China, Australia, Singapore, Vietnam, Malaysia and Bermuda.

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Frequently asked

Who acquired DentaQuest?

DentaQuest was acquired by Sun Life Financial, based in Canada. The deal was reported on October 3, 2021. Sun Life is a leading international financial services organization providing asset management, wealth, insurance and health solutions to individual and institutional Clients. Sun Life Financial is publicly traded (SLF) and operates in Financial Services.

When did Sun Life Financial acquire DentaQuest?

Sun Life Financial's acquisition of DentaQuest was reported on October 3, 2021. Sun Life Financial Inc. (TSX: SLF) (NYSE: SLF), through its U.S. business, has entered into a definitive agreement to acquire DentaQuest, for US$2.475 billion (approximately C$3.1 billion). Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does DentaQuest do?

DentaQuest is a purpose-driven oral health care company dedicated to improving the oral health of all. We do this through Preventistry® – our all-in approach to better care, expanded access, value-based financing, and innovative solutions. It is privately held, operating in Software, and is based in Wellesley Hills.

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