Westlake Village-based employee benefits agency Warner Pacific announced Thursday the acquisition of Beta Health’s commercial dental health platform, marking Warner’s first acquisition since entering a strategic partnership with private equity firm Lovell Minnick Partners in January.
Prior to the acquisition, Beta Health was a provider of group voluntary and contributory dental, vision, life and disability products in Colorado. Beta Health has expanded from a singular product line in the last 26 years to offer a variety of dental and vision plans through national carrier partnerships.
“Over the years, we’ve seen firsthand the value that Beta Health’s dental health platform can provide through its longstanding industry relationships,” John Nelson, co-chief executive of Warner Pacific, said in a statement. “By combining Warner Pacific’s complementary marketing capabilities with Beta Health’s preexisting commercialized platform, we’re confident that we can create even greater value for the industry we serve.”
The acquisition will enable Warner to pair product offerings with a Beta Health dental savings plan according to co-chief executive Dave Nelson, who added that brokers will be able to give even more significant savings to clients.
Warner currently serves more than 50,000 employers and has more than $4.2 billion of in-force premium. It is also staffed by more than 300 employees with locations in California, Colorado and Texas.
“We’ve watched Warner Pacific’s growth for many years and have known them to not only be deeply experienced leaders in the employee benefits space but a company whose values align with our own,” Mark Thompson, president of Beta Health, said in a statement.