American Benefit Plan Administrators, Inc. (ABPA), founded in 1951,About ABPA
at abpa.com. Retrieved 12 October 2008. was one of the oldest

third-party administrator In the United States, a third-party administrator (TPA) is an organization that processes insurance claims or certain aspects of employee benefit plans for a separate entity. It is also a term used to define organizations within the insurance indu ...

(TPA) firms in the US, managing funds created under provisions of the Taft-Hartley Act, pension plans, and

voluntary employees' beneficiary association A voluntary employees' beneficiary association (VEBA) is a form of trust fund permitted under United States federal tax law, whose sole purpose must be to provide employee benefits.Hopkins, Bruce R. ''The Law of Tax-Exempt Organizations.'' Hobok ...

s (VEBAs). The company was based in Spring Valley,

Nevada Nevada ( ; ) is a U.S. state, state in the Western United States, Western region of the United States. It is bordered by Oregon to the northwest, Idaho to the northeast, California to the west, Arizona to the southeast, and Utah to the east. N ...

. 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.PlanVista Corp. Quarterly Report.
Retrieved 12 October 2008. After its acquisition by Sun Capital, ABPA's growth strategy was based mostly on growth through acquisitions. In 2003 ABPA acquired Administrative Services, Inc. of Atlanta, Georgia; OBA Midwest of Burr Ridge, Illinois; and Associated Administrators Inc. of Portland, Oregon. In 2001, HealthPlan Holdings purchased Zenith Administrators, Inc. and merged it with its American Benefit Plan Administrators division, forming Zenith American Solutions.

References

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External links

ABPA, Inc.Sun Capital Partners, Inc. WebsiteHealthPlan Holdings, Inc.
Companies based in Spring Valley, Nevada Financial services companies established in 1951 1951 establishments in Nevada Financial services companies disestablished in 2011 2011 disestablishments in Nevada