Strategic Purchase Diversifies Guardian’s Dental Network While Expanding into the Medicaid and Individual Exchange Markets
NEW YORK--(BUSINESS WIRE)--The Guardian Life Insurance Company of America®
(Guardian), a leading provider of employee benefits and one of the largest dental insurers in the United States, has completed its previously announced acquisition of Sacramento-based Premier Access Insurance Company
, a provider of dental coverage and care, serving more than 5,000 employers, and 630,000 members.
The addition of Premier Access strengthens Guardian’s existing Dental Preferred Provider Organization (PPO) and Dental Health Maintenance Organization (DHMO) networks in several states including California, Utah, and Nevada. It also extends Guardian’s reach into the state-run Medicaid and Children's Health Insurance Program (CHIP) markets, which are expected to grow significantly due to expanded eligibility under the Affordable Care Act (ACA). Guardian will also gain a presence on six individual state exchanges, complementing its existing offering on 48 of the small business health (SHOP) exchanges.
“The completion of our acquisition reinforces Guardian’s position as a leading dental company and extends our reach to serve more Americans,” said Dong Ahn, Executive Vice President at Guardian. “Premier Access customers can continue to use their current dental centers or other providers within Guardian’s national network. We are committed to providing customers with quality dental services and a superior customer experience from Sacramento to across the nation.”
Guardian remains committed to growing and continuing to service the Sacramento community. Terms of the transaction are not being disclosed. About Guardian
A mutual insurer founded in 1860, The Guardian Life Insurance Company of America and its subsidiaries are committed to protecting individuals, business owners and their employees with life, disability income and dental insurance products, and offer funding vehicles for 401(k) plans, annuities and other financial products. Guardian operates one of the largest dental networks in the United States, and protects more than eight million employees and their families at over 115,000 companies. The company has approximately 5,000 employees in the United States and a network of over 3,200 financial representatives in more than 80 agencies nationwide. For more information about Guardian, please visit www.GuardianLife.com
Contact:The Guardian Life Insurance Company of America
Jeanette Volpi, firstname.lastname@example.org