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avesis.com

Stage

Acquired | Acquired

About Avesis

Avesis, founded in 1978, provides ancillary benefit solutions. The company offers vision, dental and hearing programs to reduce sponsor and participant costs by delivering services through provider networks, to address the needs of clients and their covered members. Avesis has corporate offices in Phoenix, Arizona and Owings Mill, Maryland.

Avesis Headquarter Location

10400 N 25th Ave Suite 200

Phoenix, Arizona, 85021,

United States

800-522-0258

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Expert Collections containing Avesis

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Avesis is included in 2 Expert Collections, including Health Plans & Benefits Management.

H

Health Plans & Benefits Management

717 items

Companies developing or offering digital platforms and services, including online insurance marketplaces, data analytics for claims adjustment, benefits administration, and payments systems, that help make private health insurance more affordable, navigable, or transparent.

D

Dental Health

957 items

Companies delivering dental care products and services. Excludes practice networks.

Latest Avesis News

F&G Acquires Big Stake in Indexed Universal Life Distributor: Deals

Oct 14, 2021

X X What You Need to Know F&G has been trying to diversify. One of the new Integrity Marketing acquisitions is for a firm that serves 1,800 retirement plans and 17,500 participants. A private equity firm is helping Guardian expand its group dental and group vision business. Fidelity & Guaranty Life Insurance Co. has acquired a 30% stake in Freedom Equity Group — an independent marketing organization that focuses on the sale of index universal life (IUL) insurance and index annuities. F&G says it’s acquiring the Arroyo Grande, California-based IMO in an effort to diversify by expanding sales of IUL policies to middle-income consumers. The deal could mean that insurers are about to focus more heavily on the creation and distribution of cash-value life insurance. IUL products could get a big sales boost if Congress ends up making  significant changes to federal income tax rules , because, in the past, high-income and moderate-income families have used life insurance as a vehicle for managing exposure to income taxes. F&G is a Des Moines, Iowa-based life and annuity issuer that’s now part of Fidelity National Financial, a title insurer. The company has been best known as a supplier of annuities. F&G has already been distributing IUL policies through Freedom Equity Group. The company says it hopes the investment in the IMO will help it fuel IUL product sales growth. Other F&G efforts at diversification include a move to enter the pension risk transfer market, by selling group annuities to employers that want to shed responsibility for defined benefit pension plans. Other companies in the life, annuity and health sectors have also announced deals in the past few weeks. Integrity Marketing Group Integrity Marketing — a Dallas-based insurance marketing organization — has completed three new deals. The biggest is for WealthFirm, a Norfolk, Nebraska-based company that began as an accounting firm in 1948. The company formed WealthManagement LLC, a registered investment advisor, in 1997, and Retirement Plan Consultants LLC, a retirement planning firm, in 2008. WealthFirm now serves 1,800 retirement plans with 17,500 plan participants, and it helps clients manage $3.5 billion in assets. Nancy Brozek and Jared Faltys, the co-CEOs of WealthFirm, will become managing partners with Integrity Marketing. Integrity Marketing has also acquired two life, health and annuity IMOs: Shields Brokerage, an Exeter, New Hampshire-based firm that was founded in 1981, and D&D Insurance, a Ferndale, Washington-based firm that was founded in 2005. The Latest Integrity Marketing will be giving managing partner titles to Chris Shields in connection with the Shields Brokerage acquisition, and to Derek and Denise Barnes in connection with the D&D Insurance acquisition. Integrity Marketing reports that it now has relationships with 420,000 independent agents. Those agents work with 9 million clients per year and generate $7 billion in new sales per year. Guardian Guardian Life has sold a minority stake in Avesis — a group dental, vision and hearing benefits subsidiary — to Cressey & Co. LP, a Chicago-based private equity firm. Guardian acquired Avesis in 2016. The unit now 9.2 million enrollees in Medicaid plans, Medicare Advantage plans, Children’s Health Insurance Program plans and employer-sponsored benefit plans. The Avesis unit has relationships with managed care organizations holding government contracts in 13 states. Sean Slovenski, a veteran of Walmart and Humana, will become CEO of Avesis. TailorMed TailorMed Medical has raised $25 million in capital investors. The New York-based firm has a system that can identify uninsured and underinsured patients and help match them with sources of support, such as government assistance programs and programs that help people with specific diseases. The list of organizations contributing to the new round of funding includes an American Cancer Society investment fund. Global Atlantic Subsidiaries of Global Atlantic Financial Group — which is now controlled by KKR & Co. — have agreed to become the majority owner of eRESI Mortgage. ERESI Mortgage is a 2-year-old company that that helps mortgage banking firms make and manage home loans that are not guaranteed by the big, government-backed mortgage guaranty organizations. Global Atlantic and other life insurers have an interest in mortgage lending because they often invest in mortgages and mortgage-backed securities. (Image: Shutterstock)

  • Where is Avesis's headquarters?

    Avesis's headquarters is located at 10400 N 25th Ave, Phoenix.

  • What is Avesis's latest funding round?

    Avesis's latest funding round is Acquired.

  • Who are the investors of Avesis?

    Investors of Avesis include Guardian Life Insurance Company of America.

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