American Benefit Plan Administrators
American Benefit Plan Administrators, Inc. (ABPA), founded in 1951,[1] was one of the oldest third-party administrator (TPA) firms in the US, managing funds created under provisions of the Taft-Hartley Act,[1] pension plans, and voluntary employees' beneficiary associations (VEBAs). The company was based in Spring Valley, Nevada.[2]
Prior to 2001, ABPA was publicly traded as part of PlanVista Corporation (Nasdaq: PVST). On June 18, 2001 ABPA went private when it was acquired by Sun Capital Partners, a private equity firm, through its affiliate HealthPlan Holdings, Inc.[3][4]
After its acquisition by Sun Capital, ABPA's growth strategy was based mostly on growth through acquisitions.[5] In 2003 ABPA acquired Administrative Services, Inc. of Atlanta, Georgia; OBA Midwest of Burr Ridge, Illinois; and Associated Administrators Inc. of Portland, Oregon.[6]
In 2001, HealthPlan Holdings purchased Zenith Administrators, Inc. and merged it with its American Benefit Plan Administrators division,[7] forming Zenith American Solutions.[8]
References
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- ↑ a b About ABPA at abpa.com. Retrieved 12 October 2008.
- ↑ American Benefit Plan Administrators Company Information and Contacts Template:Webarchive at jigsaw.com. Retrieved 12 October 2008.
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- ↑ PlanVista Corp. Quarterly Report. Retrieved 12 October 2008.
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