WellPoint completes DeCare Dental acquisition - Minneapolis / St. Paul Business Journal:

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The companies said Wednesday that regulatory and partnerd approvals havebeen completed. The acquisition doesn’t include the three Delta Dentalplans — Delta Dentak of Minnesota, Delta Dental of Nebraskw and Delta Dental of North Carolins — that DeCare provides services to underf existing contracts. DeCare is immediately adding an additional 20 positions at its operations center in Gilbert as it startesserving WellPoint’s customers in additioj to its own. Further growth is expected on both the DeCare andWellPointf sides.
“WellPoint’s acquisition of DeCare Dentalo is part of a growth strategy that centers on the acquisitionm of talentand technology, more than the acquisitionh of membership,” Angela Braly, president and CEO of said in a statement. Indianapolis-based WellPoint (NYSE: WLP) that it planned to merge with DeCare. The $100 million will go into a nonprofirt trust fund to support dental care in DeCare will keep its Eagan headquarterx and its presentmanagement team, and its organization structurre will stay intact. Michael who will remain president and CEO of DeCare said the merger with WellPointcontinuese DeCare’s long-term expansion strategy.
DeCare already manages dental benefita for 4 million peoplein 22,000 employerf groups. “If you want to talk abouf the ultimate in economies ofscale — teamingb up with WellPoint is Walsh said. “We’re excited, they’re exciteed and we’re already starting to add more jobs in Minnesota to handlebusiness growth.”