Delta Dental of Iowa announced this week the acquisition of Caregiven, a healthcare app designed to help caregivers as they navigate care for aging adults.
Delta Dental intends to incorporate Caregiven into its product portfolio which includes dental, vision and legal insurance for Iowa employers and their employees. Caregiven was one of eight insurtech startups to take part in the Global Insurance Accelerator’s 2020 cohort.
Caregiven’s founder and CEO, Candice Smith, will be joining the Delta Dental team as part of the acquisition.
“I am excited to be a part of Delta Dental based on their experience in the employee benefits market, community partnerships and their focus on holistic wellness,” said Smith in a press release. “Throughout all their products it is evident that Delta Dental not only cares about its members but is committed to delivering access to quality care.”
Over the next year, Smith will continue to work with organizations to offer localized solutions and resources for Iowa caregivers. Caregiven will also expand its distribution beyond individuals to working with employers to offer Caregiven as an employee benefit.
“We were introduced to Caregiven through Delta Dental’s involvement in the Global Insurance Accelerator and recognized the value Caregiven can provide to employers and their employees,” said Jeff Russell, president and CEO of Delta Dental of Iowa. “Over the last year, we have placed more focus on the holistic wellness of our team members, moving beyond physical wellness to incorporate emotional, financial, career and community wellness. In a competitive job market, employers need to offer benefits that meet the needs of employees across multiple generations. As Delta Dental looks for opportunities to provide additional products and services to employers and members, we knew Caregiven was aligned with our wellness culture and our core business of employee benefits.”