Simplyhealth To Buy Axa Dental Unit For $180M

Law360, New York (December 20, 2011, 12:07 PM EST) -- British health insurance company Simplyhealth Group Ltd. has agreed to purchase Denplan Ltd., the largest dental insurance provider in the U.K., from Axa SA for about €137 million ($180 million) in cash, Simplyhealth announced Tuesday.

The deal will see Simplyhealth add Denplan's 1.8 million patients to its customer base and gain market share in a business that complements its existing offerings, the health insurer said.

“By joining with companies that share common values, we have been building a strong organization for the future that can help...
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