Sun Life to acquire DentaQuest for $2.5B

U.S. employee benefits provider Sun Life Financial announced that it will spend $2.475 billion to acquire Medicaid dental benefits provider DentaQuest. The deal will double revenues for Sun Life's U.S. business.

Additionally, the transaction will allow DentaQuest's parent organization, the nonprofit CareQuest Institute for Oral Health, to expand its priorities in advancing a more equitable, integrated oral health system.

Currently, DentaQuest has more than 33 million members in 36 states and about 2,400 employees.