Aflac Incorporated acquires Argus Holdings, LLC / Argus Dental & Vision, Inc.

Aflac Incorporated acquired Argus Holdings, LLC / Argus Dental & Vision, Inc. for $75 million at closing plus up to $21 million contingent consideration over three years, a transaction completed in November 2019, structured as cash plus contingent earnout.

In November 2019 Aflac acquired Argus Holdings, LLC and its subsidiary Argus Dental & Vision, Inc., a Florida-based benefits-management organization and national network dental and vision company, giving Aflac a platform for Aflac Dental and Vision within its U.S. segment. Aflac paid $75 million at closing and committed up to an additional $21 million in contingent consideration payable over three years based on Argus hitting performance targets. Argus is licensed as a third-party administrator in most U.S. jurisdictions and as a pre-paid limited health service organization in Florida, and served close to one million dental and vision members across Medicare Advantage, Medicaid and CHIP carriers.

The acquisition let Aflac complement its core supplemental products with network dental and vision offerings, broadening its value proposition to employers, agents and distribution partners.

This strategic transaction is a perfect fit as we enhance our core supplemental products with the network dental and vision offerings of Argus to meet the needs of the market.

Advisory firms were not disclosed for this transaction.

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