NEW YORK – MetLife Inc. (NYSE:MET), one of the largest providers of life insurance in the United States, has completed its acquisition of Aliso Viejo, Calif.-based SafeGuard Health Enterprises Inc. Terms were not disclosed
SafeGuard is a provider of ancillary benefits – such as preferred provider organization (PPO), administrative services-only (ASO) and dental health maintenance organization (DHMO) dental and vision plans – to 1.8 million members. It focuses on the California, Florida, Texas and Nevada markets.
“I am very pleased to welcome SafeGuard into the MetLife organization,” Bill Mullaney, president of MetLife’s Institutional Business division, said in a statement. “The company’s solid reputation and dental expertise are an ideal enhancement to MetLife’s benefits offerings, particularly in those areas where employers are looking for dual-option dental benefits, such as a dental health maintenance organization (DHMO) and preferred provider organization (PPO).”
MetLife, a provider of dental benefits for more than 45 years, administers dental plans for about 21 million people through its subsidiaries and affiliates.
“It is exciting to leverage the successes of our two organizations – now all part of the same family of companies – to provide customers with additional choice and flexibility in achieving their benefits objectives,” added Mike Schwartz, vice president of MetLife’s Dental Product Management division. “I look forward to a smooth transition as we continue to ensure customers receive best-in-class service and support.”
MetLife Inc. (NYSE: MET), based in New York City, is a provider of insurance and financial services in the United States, Latin America, Europe and the Asia-Pacific region. Its Rhode Island-based MetLife Home & Auto division employs more than 2,000 people at its offices in Warwick. To learn more, visit www.metlife.com.
Safeguard Health Enterprises Inc., founded in 1974, is a provider of ancillary benefits to Fortune 500 companies, educational institutions, employee benefit trusts and government agencies. For more information, visit www.safeguard.net.
