Southland Benefit Solutions, LLC
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Southland Benefit Solutions, LLC - overview
Established
1983
Location
Tuscaloosa, AL, US
Primary Industry
Insurance
About
Southland Benefit Solutions, LLC is a provider of administration services for group dental and vision plans, primarily serving public education and state employees in Alabama. Founded in 1983 and headquartered in Tuscaloosa, Alabama, Southland Benefit Solutions specializes in the administration of employee benefit programs. The company has not undergone any significant pivots in its business strategy or operations. Currently, it operates as an independent entity without subsidiaries or parent company affiliations.
Southland offers a range of comprehensive services focusing primarily on the administration of group dental and vision plans. Their core product offerings include self-insured benefit programs tailored for various stakeholders, such as public education employees and state employees in Alabama. The company's services encompass efficient plan setup, seamless administration, fast claims processing, and payment solutions. Southland's partnerships span numerous organizations, including the Retirement Systems of Alabama, the Alabama State Employees’ Health Insurance Plan, and the Local Government Health Insurance Plan, providing coverage to over 250,000 lives.
Additionally, Southland operates the DentaNet dental network, which boasts over 1,700 provider locations, making it the largest independent network in Alabama, while the DenteMax network is accessible nationally to all members. This strategic positioning allows Southland to address the needs of its customer base across the state of Alabama and beyond. Revenue generation for Southland is derived from its extensive relationships with organizations that utilize its dental and vision plan administration services. The company engages in direct partnerships with various public sector entities and private groups, delivering fully insured products and services tailored to their needs.
In typical transactions, organizations contract Southland for the administration of their employee benefits, which may involve a subscription-like model for ongoing service provision. The specific pricing structure for these services is designed to ensure competitiveness, offering high-quality benefits management at affordable rates. Southland regularly processes a significant volume of claims, enhancing the assurance of timely payment and effective service delivery, which in turn solidifies customer loyalty and promotes stability in revenue streams.
Primary Industry
Insurance
Sub Industries
Health Insurance, Dental Products & Services
Website
www.southlandbenefit.com
Total Amount Raised
Subscriber access only
Southland Benefit Solutions, LLC - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on, Corporate Carve Out | Announced | DentaNet | - |
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