Capital BlueCross Acquires Dominion Dental

- Transaction adds 400,000 members and brings Blue branded dental plan to central Pennsylvania (LehighValley) -

HARRISBURG, Pa., Nov. 4 /PRNewswire/ -- Capital BlueCross announced today that it is acquiring Dominion Dental Services, a privately held corporation headquartered in Alexandria, VA. The move by the region's leading health insurer adds nearly 400,000 members throughout the Commonwealth of Pennsylvania and the Mid-Atlantic Region.

"Helping to improve the health of our members is not limited to just medical care," said William Lehr, Jr., president and CEO of Capital BlueCross. "Good dental care improves the health and wellness of individuals and fits perfectly with our strategy to coordinate care across all health care services. This acquisition is part of our long-term strategy to remain the region's leading insurer by delivering innovative solutions and world-class service to our members at affordable prices."

Dominion currently offers dental benefit plans in Pennsylvania, Maryland, Delaware, Virginia, and Washington, DC. According to Mitch McGlynn, CEO of Dominion, "We've been serving the Mid-Atlantic region for more than a decade. It's a great opportunity for our company, our employees, and our customers."

Various regulatory approvals are required before the transaction can be finalized.

Capital BlueCross is the leading health insurer in its region, providing health benefits coverage to nearly one million people in central Pennsylvania and the Lehigh Valley. Capital BlueCross is committed to making health insurance simple for its customers and members through all the stages of life by offering nationally acclaimed customer service and a full range of innovative benefit programs and services.

The company has been providing health security to the people and communities of central Pennsylvania and the Lehigh Valley for 70 years and employs more than 2,300 people in the region.

Capital BlueCross is an independent licensee of the Blue Cross and Blue Shield Association.

More information about Capital BlueCross can be found at www.capbluecross.com.

SOURCE Capital BlueCross

CONTACT: Joseph Butera of Capital BlueCross, +1-717-541-6139, [email protected]