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Delta Dental of California and Moda Announce Completion of Strategic Partnership Deal

Feb 28, 2019

San Francisco and Portland, Ore. — Delta Dental of California and Moda today announced the completion of a $152.4 million investment by Delta Dental of California for a 49.5% stake in Moda, a holding company with health-related lines of business. The California Department of Managed Health Care (DMHC) and Oregon’s Department of Consumer and Business Services (DCBS) have approved the investment. The strategic partnership was initially proposed in August 2018.

“We are pleased to announce the completion of Delta Dental of California’s investment in Moda,” said Mike Castro, president and chief executive officer of Delta Dental of California. “This strategic partnership will enable both organizations to share their complementary expertise and help further Delta Dental of California’s mission of advancing dental health and access to care through exceptional dental benefits, service, technology and professional support. We look forward to building on our relationship with the Moda team as both companies continue providing broader health care solutions to more people and communities.”

“Delta Dental of California has been a trusted partner for more than 60 years and shares our commitment to excellence and innovation,” said Robert Gootee, President and Chief Executive Officer of Moda. “By combining resources and strategies, we can expand our capacity to serve existing and new markets. This strategic investment enhances each company’s ability to succeed in the evolving healthcare market while continuing our respective traditions of community engagement.”
 

About Moda

Founded in 1955, Oregon-based Moda is a company committed to building healthier communities. In addition to its more than 1 million dental lives, Moda has 330,000 members in its medical plans and more than 1 million members in its stand-alone pharmacy segment. The Moda family of enterprises includes Moda Health, Delta Dental Plan of Oregon/Alaska, ODS Community Dental, Eastern Oregon Coordinated Care Organization, Ardon Health, BenefitHelp Solutions, Astra Practice Partners, Dental Commerce Corporation, Healthy Grid, Arrow Dental, and PropacPayless Pharmacy.

About Delta Dental of California

About Delta Dental of California

Since 1955, Delta Dental of California has offered comprehensive, high-quality oral health care coverage to millions of enrollees and built the strongest network of dental providers in the country. The Delta Dental of California enterprise includes its affiliates Delta Dental Insurance Company, Delta Dental of Pennsylvania, Delta Dental of New York, Inc., as well as the national DeltaCare USA network, and provides dental benefits to more than 40 million people across 15 states and the District of Columbia*. All are members of the Delta Dental Plans Association based in Oak Brook, Illinois, the not-for-profit national association that through a national network of Delta Dental companies collectively covers millions of people nationwide. For more information about Delta Dental of California, please visit www.deltadentalins.com

*Delta Dental of California’s operating areas encompass Alabama, California, Delaware, Florida, Georgia, Louisiana, Maryland, Mississippi, Montana, Nevada, New York, Pennsylvania, Texas, Utah, West Virginia and the District of Columbia.

About the Delta Dental Community Care Foundation

About Delta Dental Community Care Foundation

The Delta Dental Community Care Foundation is the philanthropic arm of Delta Dental of California and its affiliated companies including Delta Dental Insurance Company, Delta Dental of Pennsylvania and Delta Dental of New York, Inc. Since 2011, the Foundation has awarded more than $100 million in funding and support to increase access to quality dental care, oral health education and to advance scientific research across the company’s 15-state service area and the District of Columbia. For more information about the Delta Dental Community Care Foundation, please visit https://www1.deltadentalins.com/foundation.html.

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