Aflac has announced that it has entered into a definitive agreement to acquire Florida-based Argus Holdings and its subsidiary, Argus Dental & Vision, a benefits organization and national network dental and vision company.
“We are very excited to have Argus join the Aflac family as we move closer to fulfilling our vision of being the number-one distributor of benefit solutions to the US workforce,” said Teresa L. White, president of Aflac US. “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.”
Argus, founded in 2006 by president and CEO Nicholas M. Kavouklis, services nearly one million dental and vision members. The company provides benefits management to Medicare Advantage, Medicaid and the Children’s Health Insurance Program. It also offers group and individual network dental and vision plans to employers and individuals.
Argus will remain headquartered in Tampa under the continued leadership of Kavouklis. Tampa will also now serve as the home for the Aflac US Network Dental and Vision platform.
“Aflac shares Argus’s values of putting the customer first and providing solutions tailored to fit customers’ needs,” Kavouklis said. “We look forward to joining the Aflac team and continuing to provide best-in-class service to our benefit-management clients while providing a US platform in support of Aflac’s strategy to be a leader in providing network dental and vision offerings to employers.”