CAI Completes SafeGuard Health Sale

CAI Private Equity has completed its sale of SafeGuard Health Enterprises Inc. to MetLife (NYSE: MET). No financial terms were disclosed. SafeGuard Health is an Aliso Viejo, Calif.-based provider of dental and vision benefits.



CAI Partners & Co. II, L.P. and its related entities (“CAI”) announced that it has completed the sale of SafeGuard Health Enterprises, Inc. (“SafeGuard”) to MetLife, Inc. (NYSE:MET).

Terms of the sale were not disclosed, but CAI indicated that it had returned more than three times invested capital. The transaction, previously announced on August 6, 2007, was subject to regulatory approval.

About CAI
Founded in 1989, CAI is a private equity firm with a North American investment mandate specializing in buyouts, restructurings and acquisitions where its broad operational and financial expertise and ready access to capital position it as a valued partner for proven, motivated management teams. To date, CAI's three funds have invested or placed with co-investors a total of $1.3 billion in equity or equity-related investments to help fund growth and corporate transition
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About SafeGuard
Founded in 1974, SafeGuard was one of the first companies to introduce the concept of managed care dental products. SafeGuard now provides DHMO, PPO, ASO and Scheduled Benefit dental plans as well as vision plans to its membership. In the over 30 years that SafeGuard has been an industry leader, its membership has increased to 1.8 million. The company is a key ancillary benefits provider to Fortune 500 companies, educational institutions, employee benefit trusts and government agencies. SafeGuard's primary markets are California, Florida, Texas and Nevada.
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About MetLife
MetLife, Inc. (“MetLife”) is a leading provider of insurance and financial services with operations throughout the United States and the Latin America, Europe and Asia Pacific regions. Through its domestic and international subsidiaries and affiliates, MetLife reaches more than 70 million customers around the world, and is the largest life insurer in the United States (based on life insurance in-force). MetLife administers dental benefits for approximately 21 million people, more than any single commercial carrier.
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