Press Release: HealthPlan Holdings, Inc. Acquires Zenith Administrators
Acquisition Creates Leading Third-Party Administrator of Benefits to Taft-Hartley Trust Funds, State and Municipal Plans
TAMPA, Fla. – August 22, 2011 – HealthPlan Holdings, Inc., a leading provider of outsourced solutions to insurers in the individual, union trust and voluntary benefits markets, announced today that it has acquired Zenith Administrators, Inc. The company will merge Zenith with its subsidiary, American Benefit Plan Administrators, Inc. (ABPA). The combination creates a leading national third-party administrator of health care, retirement and other benefits to Taft-Hartley trust funds, and state and municipal plans.
Together, ABPA and Zenith will have more than 1,200 employees dedicated to providing benefit administration services to nearly 2 million plan participants across the country. The newly merged companies will offer customers the broadest range of services to administer benefits and manage compliance requirements associated with their Taft-Hartley plans. In addition, ABPA and Zenith will have a significantly greater geographic presence to provide customers with localized expertise and support. More...