Principal Financial (PFG) Group announced a definitive agreement with Southland Benefit Solutions to acquire its single-state dental network, DentaNet. In addition, Principal will obtain renewal rights for a block of group insurance contracts through Canopy Insurance. Canopy Insurance and Southland Benefit Solutions are subsidiaries of Collateral Holdings. entaNet is the largest dental network in the state of Alabama with approximately 1,500 dental providers. This agreement will increase the number of Principal wholly owned networks, with DentaNet joining Principal Preferred Provider Network, Diversified Dental Services, and First Dental Health.
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