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ProMedica affiliate to acquire Indiana dental benefit provider

Maumee, Ohio-based Paramount Health, an affiliate of Toledo, Ohio-based ProMedica, signed an agreement Sept. 15 to acquire Health Resources, a dental benefit provider in Evansville, Ind.

Under the proposed transaction, Paramount Health will assume ownership of Health Resources. Health Resources will maintain all current employees and continue to operate from its Evansville headquarters.

The deal is subject to regulatory approval, which Paramount Health officials estimate will take approximately 60 days to 90 days to complete.

Health Resources comprises nearly 2,700 directly-contracted dentists across Indiana and Kentucky, and an additional 95,000 dentists, nationally, through various leased network arrangements.

More articles on transactions and valuations:
Kaiser Permanente, Target to open 31 retail clinics in southern California
St. Luke's Health Network, Blue Mountain Health to form 9-hospital system
HealthPartners to acquire Hutchinson Health


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