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.