Paramount Health’s Acquisition of Health Resources


Taft advised Hammond, Kennedy, Whitney & Company, Inc. (HKW) in its sale of Health Resources, Inc.

Paramount has signed an agreement to acquire Indiana-based dental benefit provider Dental Health Options by Health Resources, Inc. (HRI). The company was founded in 1986 by a group of dentists. HRI is the dental benefit provider of choice for 250,000 members and over 3,600 employer groups. Its network includes nearly 2,700 directly contracted dentists in Indiana and Kentucky and another 95,000 dentists available nationally through leased network arrangements.

Pending regulatory approval, HRI could become a member of Paramount by the end of the year.

Paramount serves commercial, Medicare, Medicaid and Health Insurance Marketplace members. With this acquisition, Paramount will expand its product portfolio to include dental insurance. The dental insurance market is projected to grow annually at a rate of 5.3%.

Taft advised Hammond, Kennedy, Whitney & Company, Inc. with a team including Robert Hicks (Picture), Ralph Caruso, Lonnie Johnson and Kira Johnson.

Involved fees earner: Robert Hicks – Taft Stettinius & Hollister; Ralph Caruso – Taft Stettinius & Hollister; Lonnie Johnson – Taft Stettinius & Hollister; Kira Johnson – Taft Stettinius & Hollister;

Law Firms: Taft Stettinius & Hollister;

Clients: Hammond, Kennedy, Whitney & Company Inc.;

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Author: Ambrogio Visconti