Health benefits company Anthem, Inc. entered into an agreement to acquire a minority stake in Liberty Dental Plan Corporation, a dental benefits administrator across all 50 states. Anthem has been a Liberty customer since 2010. Faegre Drinker is representing Anthem in the transaction, which is expected to close in 2022.
Welsh, Carson, Anderson & Stowe, a healthcare and technology-focused investment firm, will acquire the controlling stake in Liberty. The overall transaction will enable Liberty to expand into additional markets and serve a greater number of members.