Exclusive: Moda Health gets $155M capital infusion from California investor

Delta Dental of California is investing $155 million for a 50 percent ownership stake in Moda, enabling the Portland-based health insurer to expand around the country, the two companies announced today. The partnership also allows the California dental insurance plan — which serves about 36 million members in 15 states, including Texas, New York and Florida — to diversify into health insurance by bundling the two companies’ offerings. “We’re pleased to expand our relationship with our…

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Exclusive: Moda Health gets $155M capital infusion from California investor