American Benefit Plan Administrators

From Wikipedia, the free encyclopedia
Jump to: navigation, search

American Benefit Plan Administrators, Inc. (ABPA), founded in 1951,[1] is one of the oldest third party administration (TPA) firms in the US, mainly serving clients in the Taft-Hartley industry,[1] pension plans and voluntary employee benefit associations (VEBA).

ABPA has been operating its services through a network of service centers located throughout the US.[citation needed] The company is 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 has been based mostly on growth through acquisitions.[5] As part of this strategy ABPA has acquired Administrative Services, Inc. of Atlanta, Georgia; OBA Midwest of Burr Ridge, Illinois; and Associated Administrators Inc. of Portland, Oregon.[6]

References[edit]

  1. ^ a b About ABPA at abpa.com. Retrieved 12 October 2008.
  2. ^ American Benefit Plan Administrators Company Information and Contacts at jigsaw.com. Retrieved 12 October 2008.
  3. ^ American Benefit Plan Administrators, Inc. snapshot at BusinessWeek.com. Retrieved 12 October 2008.
  4. ^ PlanVista Corp. Quarterly Report. Retrieved 12 October 2008.
  5. ^ Business Wire. American Benefit Plan Administrators Acquires the Taft Hartley Trust Fund Assets of Associated Administrators, Inc., August 23, 2005. Retrieved 12 October 2008.
  6. ^ HealthPlan Holdings, Inc. (HPHI) Acquires Miami-based TPA, Administrative Services, Inc., March 19, 2003. Retrieved 12 October 2008.

External links[edit]