Welsh, Carson, Anderson & Stowe Acquires Majority Stake in LIBERTY Dental Plan Corporation
Transaction Comes as LIBERTY Seeks to Fast-Track Investments, Expand Unique Dental Care Management Model and Accelerate Growth
LIBERTY Dental Plan Corporation (LIBERTY) and Welsh, Carson, Anderson & Stowe (WCAS) today announced the parties have entered into a definitive agreement through which WCAS will make an equity investment and become the majority investor in LIBERTY. Anthem, Inc. (NYSE:ANTM), a leading health company and a LIBERTY customer since 2010, will also become a minority investor. Terms of the agreement were not disclosed.
This agreement with WCAS, a healthcare and technology-focused investment firm, will enable LIBERTY to expand into additional markets and serve a greater n