The Guardian Life Insurance Co. of America, an employee benefits company and dental insurer, has completed the acquisition of Premier Access Insurance Co., a company offering dental coverage and care. Terms of the transaction are not being disclosed.
The acquisition extends Guardian’s reach into the state-run Medicaid and Children's Health Insurance Program markets. These markets are expected to grow, due to expanded eligibility under the Affordable Care Act. Guardian will gain a presence on six individual state exchanges.
By adding Premier Access, Guardian can strengthen existing Dental Preferred Provider Organization and Dental Health Maintenance Organization networks in several states, including California, Utah and Nevada. Premier Access customers can continue to use their current dental centers or other providers within Guardian’s national network, said Guardian.
“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 VP at Guardian.
