Alexandria, Va. and Calverton, Md. – Dominion Dental Services (Dominion), a leading dental insurer and administrator of dental and vision benefits headquartered in Alexandria, Va., announced today that it is acquiring DentaQuest Mid-Atlantic, Inc. (DQ-MA) and DentaQuest Virginia, Inc. (DQ-VA) from DentaQuest Management, Inc. The transaction adds over 90,000 members throughout Maryland, Virginia and Washington, D.C.
“This acquisition strongly supports Dominion’s strategy to be the leading benefits solution in our Mid-Atlantic market,” said Dominion President Mike Davis. “This arrangement is a strong addition to our existing commercial business and presents a great opportunity for our members, clients, brokers and providers, who will benefit from our increased flexibility, network expansion, product expansion, administrative enhancements and world-class service from Alexandria, Va.”
“Dominion is a great fit for our commercial team” added Mark Haraway, DentaQuest Regional Vice President. “We are excited to bring enhanced products and services to the commercial market by joining Dominion.”
Closing is expected to take place on December 31, 2015, pending regulatory approval. Virginia members enrolled in DQ-VA’s low option dental plan through the Federally Facilitated Marketplace will continue to be offered a plan with another DentaQuest affiliate. “This sale allows both organizations to build on their strengths and successes,” said Steve Pollock, DentaQuest President and Chief Executive Officer. “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.”
About Dominion Dental Services
Dominion Dental Services (Dominion), incorporated in 1996 and headquartered in Alexandria, Va., is a leading provider and administrator of dental and vision benefits in the Mid-Atlantic. Among our 600,000 customers are leading health plans, employer groups, municipalities, associations and individuals. The Dominion group of companies includes Dominion Dental Services, Inc., a licensed issuer of dental plans, and Dominion Dental Services USA, Inc., a licensed administrator of dental and vision benefits. Vision plans are underwritten by Avalon Insurance Company, and are marketed and administered by Dominion Dental Services USA, Inc. For more information, please visit DominonDental.com or follow Dominion on Facebook, LinkedIn or Twitter.
DentaQuest is the second largest oral health benefits administrator in the United States and the largest in the Medicaid space. Along with the charitable DentaQuest Foundation and the educational DentaQuest Institute, DentaQuest’s mission is to improve the oral health of all. Follow DentaQuest on Twitter @DentaQuest
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