The Principal Financial Group announces an agreement to acquire First Dental Health upon closing, expected in October 2012.
First Dental Health, a California-based independent dental preferred provider organization, includes more than 11,000 credentialed dentists with locations in California, Arizona and Nevada.
“This acquisition furthers our national dental network strategy, focused on owning and operating dental preferred provider networks,” says Deanna Strable, senior vice president of The Principal. “First Dental Health has a strong regional presence, which enables us to continue to enhance our dental business in California and surrounding areas.”
The Principal operates one of the largest dental networks in the industry, serving more than 27,000 employers across all states, plus the District of Columbia. Principal dental products offer covered employees and their dependents flexible, comprehensive plan designs that focus on preventive care.
Closing of the transaction is subject to regulatory and other approvals.
