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SafeGuard Health Enterprises, Inc. and Health Net, Inc. Announce Strategic Relationship; Includes Sale Of Health Net Dental and Vision To SafeGuard.

Publication: Business Wire
Publication Date: 07-APR-03 		Format: Online - approximately 798 words
Delivery: Immediate Online Access

Article Excerpt
Business Editors/Health/Medical Writers

ORANGE COUNTY, Calif.--(BUSINESS WIRE)--April 7, 2003

SafeGuard Health Enterprises, Inc. (OTCBB:SFGD) and Health Net, Inc. (NYSE: HNT) today jointly announced a strategic relationship focused on the expansion of market share and the delivery of competitive dental benefit products that will be sold in conjunction with Health Net medical plans.

This relationship includes the sale of the Health Net Dental subsidiary to SafeGuard. In addition, SafeGuard and Health Net have entered into a Letter of Intent, under which SafeGuard will acquire Health Net's vision subsidiary and its California commercial membership. Specific terms of the transactions were not disclosed. Closing is expected in the fourth quarter of 2003 subject to regulatory approval.

The Health Net Dental and...

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