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Fringe Benefit Group Combines with Century Healthcare to Create Specialist in Affordable Healthcare Solutions for Hourly Workers
Thursday 18 April 2019

18 April 2019 - US-based Fringe Benefit Group, Inc., a specialist in the design, implementation and administration of benefits for hourly and part-time workers, and Century Healthcare (CHC), a north Texas-based company specialising in customised benefit plans for employers of all sizes with hourly employees, have combined creating one of the nation's largest providers of limited benefit medical plans, the companies said.

Terms of the transaction were not disclosed.

The combination brings together two Texas companies specialising in ACA-compliant, turnkey solutions for employers with hourly employees.

Michael Wilson, who has been CEO of CHC since acquiring the company in 2008, will become a shareholder, join Fringe Benefit Group's board of directors and serve as a consultant to the company.

Austin, Texas-based Fringe Benefit Group and its affiliate companies have helped employers design and administer fringe benefit programs since 1983.

Through its nationwide network of independent brokers and agents, Fringe Benefit Group has established itself as a specialist in government contractor health and welfare and retirement plans.

Drawing on its expertise in the prevailing wage segment, the company has also emerged as a leader in group benefit plans designed specifically for hourly and part-time workers.

Century Healthcare is a full-service, licensed and bonded healthcare marketing and sales organisation. The company specializes in the design, administration, and implementation of customised limited benefit medical plans and MEC plans for employer groups throughout the US.
Details
Date Published: 18/04/2019
Target: Century Healthcare,  (CHC)
Country: USA
Sector: Healthcare
Type: Merger
Financing:
Status: Closed
Vendor:
Buyer: Fringe Benefit Group
Comment:
Terms of the deal were not disclosed

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