Denplan withdraws from Republic of Ireland
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- Published: Tuesday, 17 April 2012 09:44
- Written by News Editor
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Following its launch in the Republic of Ireland in August 2010, Denplan’s Executive Board has taken the difficult decision to withdraw its presence from this region. It closed to new business on 1 April 2012 and will not renew existing business (120 patients) beyond 31 December 2012. The move will not affect Denplan’s presence in Northern Ireland. |
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Denplan has been working with a range of member dentists in the Republic of Ireland over the last 19 months in order to increase the level of support it can offer to both the dental professionals and their patients - following the Government’s decision to remove state-funded dental provision and reduce the Medical Card provision to children and exempt patients
However, ongoing interest by the insurance regulators in this region has necessitated a growing investment in legal services to explain Denplan’s product design and cover, which has, in turn, made this market financially unviable. This has been compounded by Denplan’s recent sale to Simplyhealth, which is not yet registered to trade in the Irish Republic.
Denplan’s Managing Director, Steve Gates, commented: “We’re disappointed to be withdrawing from the Republic of Ireland, but I would personally like to thank all of our contacts in the area for the support and business they placed with Denplan and wish them every success in the future.
“This decision in no way affects our substantial presence in Northern Ireland, which still offers strong opportunities for growth over the coming years. I would also like to reiterate that there will be no job losses as a result of this decision.”
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