10 June 2022

---

Sun Life Completes Acquisition of DentaQuest

Sun Life Financial has announced the completion of its acquisition of DentaQuest, the second-largest dental benefits provider in the U.S. by membership

---

Sun Life has acquired DentaQuest from CareQuest Institute for Oral Health, a U.S.-based nonprofit organization, and minority shareholder Centerbridge Partners, L.P., a private investment management firm.

Headquartered in Boston and founded in 2001, DentaQuest has more than 33 million members in 36 states and more than 2,400 employees.

DentaQuest is now part of the Sun Life U.S. business, which offers dental benefits through employers for their employee benefits plans and has an extensive national commercial dental network. In addition to dental benefits, Sun Life U.S. offers a broad portfolio of group insurance products, including disability, absence management, life, dental, vision and voluntary, as well as medical stop-loss coverage and healthcare navigation services.

The completion of the acquisition is expected to bring the company’s U.S.’s total annual benefits revenues to more than US$7 billion. The transaction advances the Sun Life U.S. business strategy of being a leader in health and benefits.

DentaQuest is the largest provider of U.S. Medicaid dental benefits, with growing Medicare Advantage, commercial, and U.S. Affordable Care Act (ACA) exchange businesses. DentaQuest positions Sun Life as a leader in providing dental benefits for U.S. government programs.

Sources: www.sunlife.com