Dental benefits carrier becomes wholly owned subsidiary of health insurance provider
CLEVELAND – Medical Mutual of Ohio signed an agreement to acquire Superior Dental Care (SDC), a dental benefits carrier headquartered in the Dayton area. SDC, which offers more than 14,000 dental network access points in Ohio and 650,000 across the United States, will operate as a wholly owned subsidiary of Medical Mutual.
“SDC couldn’t pass up this amazing opportunity to join with a fellow leader in the insurance industry,” said SDC Chief Executive Officer Traci Harrell. “We are both Ohio companies with strong commitments to serving our members and investing in our communities. It made sense for us to work together.”
At this time, Medical Mutual and SDC will operate as separate companies. SDC will continue to sell standalone dental benefits throughout Ohio, Kentucky and Indiana as Superior Dental Care. There will be no immediate change to how current customers do business with either company. The companies also do not anticipate any loss of jobs because of the agreement.
“We look forward to working with Traci Harrell and the SDC team,” said Medical Mutual Chairman, President and CEO Rick Chiricosta. “SDC emphasizes access to quality care and provides excellent customer service – just as Medical Mutual does.”
SDC will remain headquartered in the Dayton area, with Harrell continuing to lead the company. The partnership between SDC and Medical Mutual is expected to be ratified by SDC shareholders and finalized by July 31, 2018.
About Medical Mutual of Ohio
Founded in 1934, Medical Mutual of Ohio is the oldest health insurance company based in Ohio. For more than 80 years, the company has served customers with high-quality, affordable group and personal health insurance plans, and third-party administrative services to self-insured group customers. As a mutual health insurance company, Medical Mutual is unique in that it operates for the benefit of its members. Unlike publicly-traded insurance companies that must maximize their financial return, Medical Mutual does not answer to stockholders or Wall Street analysts.
About Superior Dental Care
Superior Dental Care (SDC) was founded in 1986 by a group of dentists to create the first dentist-owned dental plan as an alternative to less effective and inferior plans. Today, SDC offers group dental and other ancillary benefits to companies throughout Ohio, Kentucky and Indiana.