Fort Wayne Insurance Provider Acquires Core Benefits
(photo courtesy of PHP)
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As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe NowFort Wayne-based Physicians Health Plan of Northern Indiana is adding to its portfolio. The insurance provider has acquired Core Benefits Inc., also headquartered in Fort Wayne, which it says will provide additional reach into third party administration and employee benefits.
Core Benefits’ assets, client accounts, and associated revenue will be under the management of PHP’s third party administration division. PHP says existing Core Benefits clients will continue to work with the same account management team and will not experience any gaps in service or immediate program changes.
PHP says a transition plan is in development and will be deployed later in the year. Current Core Benefits employees will transition to similar roles on the PHP team, according to the firm.
“As PHP looks to further our mission to create innovative solutions that contribute to healthier communities, the more members we serve the closer we strive toward this goal,” said Gary Shearer, chief executive officer of PHP. “The talent and expertise that the Core Benefits team brings to the table will enhance the experience for our current clients, and provide a premier option for employee benefits solutions for area employers.”
Financial terms of the acquisition were not disclosed.