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

1. About ABPA at abpa.com. Retrieved 12 October 2008.
2. American Benefit Plan Administrators Company Information and Contacts Archived 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. "HealthPlan Holdings, Inc., acquires Miami-based TPA, Administrative Services, Inc". 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

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