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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 edit

  1. ^ a b About ABPA at abpa.com. Retrieved 12 October 2008.
  2. ^ American Benefit Plan Administrators Company Information and Contacts 2011-07-13 at the Wayback Machine at jigsaw.com. Retrieved 12 October 2008.
  3. ^ "Company Overview of American Benefit Plan Administrators, Inc". Bloomberg. Retrieved January 14, 2018.
  4. ^ PlanVista Corp. Quarterly Report. Retrieved 12 October 2008.
  5. ^ "American Benefit Plan Administrators Acquires the Taft Hartley Trust Fund Assets of Associated Administrators, Inc" (Press release). Tampa, Florida: HealthPlan Services. Business Wire. August 23, 2005. Retrieved January 14, 2018.
  6. ^ . March 19, 2003. Archived from the original on November 18, 2006.
  7. ^ "HealthPlan Holdings, Inc. Acquires Zenith Administrators" (Press release). HealthPlan Holdings. PR Newswire. August 22, 2011. Retrieved January 14, 2018.
  8. ^ "Welcome to Zenith American Solutions (formerly ABPA)". Zenith American Solutions. Retrieved January 14, 2018.

External links edit

  • ABPA, Inc.
  • Sun Capital Partners, Inc. Website
  • HealthPlan Holdings, Inc.

american, benefit, plan, administrators, abpa, founded, 1951, oldest, third, party, administrator, firms, managing, funds, created, under, provisions, taft, hartley, pension, plans, voluntary, employees, beneficiary, associations, vebas, company, based, spring. 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 edit a b About ABPA at abpa com Retrieved 12 October 2008 American Benefit Plan Administrators Company Information and Contacts Archived 2011 07 13 at the Wayback Machine at jigsaw com Retrieved 12 October 2008 Company Overview of American Benefit Plan Administrators Inc Bloomberg Retrieved January 14 2018 PlanVista Corp Quarterly Report Retrieved 12 October 2008 American Benefit Plan Administrators Acquires the Taft Hartley Trust Fund Assets of Associated Administrators Inc Press release Tampa Florida HealthPlan Services Business Wire August 23 2005 Retrieved January 14 2018 HealthPlan Holdings Inc acquires Miami based TPA Administrative Services Inc March 19 2003 Archived from the original on November 18 2006 HealthPlan Holdings Inc Acquires Zenith Administrators Press release HealthPlan Holdings PR Newswire August 22 2011 Retrieved January 14 2018 Welcome to Zenith American Solutions formerly ABPA Zenith American Solutions Retrieved January 14 2018 External links editABPA Inc Sun Capital Partners Inc Website HealthPlan Holdings Inc Retrieved from https en wikipedia org w index php title American Benefit Plan Administrators amp oldid 1181340720, wikipedia, wiki, book, books, library,

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