SafeGuard Health Enterprises, Inc. has announced that its Florida dental health maintenance organization subsidiary has entered into a strategic marketing agreement with HumanaDental, the dental insurance subsidiary of Humana Inc. SafeGuard had previously signed a similar marketing agreement with HumanaDental involving the Company's Texas dental health maintenance organization subsidiary. Under the new agreement, HumanaDental will distribute SafeGuard's dental HMO products to employer groups throughout Florida. Terms of the agreement were not disclosed.
Commenting on the expanded relationship, James E. Buncher, president and chief executive officer of SafeGuard, stated, "We are pleased to expand this relationship to include Florida. This transaction provides a new distribution channel for SafeGuard in Florida and HumanaDental is able to offer a dual choice option to its Florida clients by including SafeGuard dental HMO products. Clients of both SafeGuard and HumanaDental will benefit from the combination of a stronger product offering and an effective sales distribution channel. This allows HumanaDental to meet employers' needs with a complete product portfolio in Florida, including dental PPO, traditional indemnity and dental HMO plans."
SafeGuard Health Enterprises, Inc. is committed to the dental and vision business, with nearly 30 years experience. The Company provides dental HMO, PPO, indemnity and ASO products as well as vision benefit plans to over 825,000 members primarily in California, Florida and Texas. For more information, visit SafeGuard's Web site at www.safeguard.net.
