Health Resources Inc. has been acquired by Paramount Health
January 9, 2018
Dental Health Options by Health Resources Inc. (HRI), a dental health provider and a portfolio company of private equity funds sponsored by Hammond, Kennedy, Whitney & Company (HKW), has been acquired by Paramount Health, a member of ProMedica.
HRI is the leading dental network in Indiana and Kentucky with nearly 2,700 directly contracted dentists and another 95,000 dentists available nationally through leased network arrangements. The company has over 95% renewal rate with approximately half of the groups as customers for 10+ years.
Paramount Health is a health insurance company serving commercial, Medicare, Medicaid and Health Insurance Marketplace members. With this acquisition, Paramount will expand its product portfolio to include dental insurance.
Cain Brothers served as exclusive financial advisor to HKW and HRI in conjunction with the transaction.
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