DentaQuest signed a definitive merger agreement to acquire DCP Holding Co., the parent company of Dental Care Plus Group, a dental insurer provider in the Midwest.
Per the agreement, DentaQuest will pay $41.5 million for DCPG common shares, minus transaction expenses. Additionally, DCPG will pay cash dividends to shareholders, which is currently estimated to total $8 million.
With the acquisition, DentaQuest will cover 380,000 members and a network of 246,000 provider locations.
Leadership from both organizations are working to have a seamless transition. DCPG will keep its headquarters in Sharonville, Ohio.
The transaction is expected to be finalized in the third quarter of this year.
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Per the agreement, DentaQuest will pay $41.5 million for DCPG common shares, minus transaction expenses. Additionally, DCPG will pay cash dividends to shareholders, which is currently estimated to total $8 million.
With the acquisition, DentaQuest will cover 380,000 members and a network of 246,000 provider locations.
Leadership from both organizations are working to have a seamless transition. DCPG will keep its headquarters in Sharonville, Ohio.
The transaction is expected to be finalized in the third quarter of this year.
More articles on dentists:
Judge undecided on class-action status of case against VA dentist
Top 10 dental schools, from QS World University Rankings 2018
Benco Dental to distribute Align Technology scanners: 5 notes