M&A Deal Summary

Sun Life Acquires DentaQuest

On October 3, 2021, Sun Life acquired insurance company DentaQuest for 2.5B USD

Acquisition Highlights
  • This is Sun Life’s 3rd transaction in the Insurance sector.
  • This is Sun Life’s largest (disclosed) transaction.
  • This is Sun Life’s 6th transaction in the United States.
  • This is Sun Life’s 1st transaction in Massachusetts.

M&A Deal Summary

Date 2021-10-03
Target DentaQuest
Sector Insurance
Buyer(s) Sun Life
Deal Type Add-on Acquisition
Deal Value 2.5B USD
Advisor(s) Centerview Partners
Morgan Stanley
CapM Advisors (Financial)
Ropes & Gray (Legal)

Target

DentaQuest

Boston, Massachusetts, United States
website
DentaQuest is a third party administrator (TPA) of commercial and government dental insurance programs that serve more than nine million members across the United States. DentaQuest is based in Boston, Massachusetts.

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Buyer(S) 1

Buyer

Sun Life

Toronto, Ontario, Canada

website


Category Company
Founded 1871
Sector Insurance
Employees23,816
Revenue 23.2B CAD (2022)
DESCRIPTION

Sun Life is a international provider of protection and wealth products and services to individual and corporate customers. With offices in key markets worldwide serving millions of customers, Company help people achieve financial peace of mind by providing sound financial solutions throughout their lifetimes. Sun Life was founded in 1871 and is based in Toronto, Canada.


DEAL STATS #
Overall 8 of 9
Sector (Insurance) 3 of 3
Type (Add-on Acquisition) 6 of 7
State (Massachusetts) 1 of 1
Country (United States) 6 of 6
Year (2021) 2 of 2
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-23 PinnacleCare

Baltimore, Maryland, United States

PinnacleCare is a private medical intelligence and health-care navigation firm with a mission to ensure that all members realize their highest expectations for their health and wellness. PinnacleCare's personalized approach to health care is a unique combination of exceptional medical resources, an unmatched range of services and outstanding care allowing members efficient access to the finest healthcare experiences, expert guidance through the complex health-care system by expert health advisors, and assurance in leading the healthiest lives possible, at home and abroad. PinnacleCare was formed in 2001 and is based in Baltimore, Maryland.

Buy $85M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-13 Sun Life’s Sponsored Markets Business

Toronto, Ontario, Canada

Sun Life’s Sponsored Markets Business provides insurance services to clinets.

Sell -