Welsh, Carson, Anderson & Stowe Acquires Majority Stake in LIBERTY Dental Plan Corporation

Welsh, Carson, Anderson & Stowe Acquires Majority Stake in LIBERTY Dental Plan Corporation

IRVINE, CA AND NEW YORK, NY — LIBERTY Dental Plan Corporation (LIBERTY) and Welsh,
Carson, Anderson & Stowe (WCAS) today announced the parties have entered into a definitive
agreement through which WCAS will make an equity investment and become the majority
investor in LIBERTY. Anthem, Inc. (NYSE: ANTM), a leading health company and a LIBERTY
customer since 2010, will also become a minority investor. Terms of the agreement were not
disclosed.

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