ADP acquires Health Benefits America.ROSELAND, NJ--(BUSINESS WIRE)--August 26, 1996--Automatic Data Processing data processing or information processing, operations (e.g., handling, merging, sorting, and computing) performed upon data in accordance with strictly defined procedures, such as recording and summarizing the financial transactions of a , Inc. has acquired Health Benefits America (HBA (Host Bus Adapter) See host adapter. ), Arthur F. Weinbach, president and chief executive officer, announced today. Terms of the transaction were not disclosed. HBA, headquartered in Salt Lake City, with revenues of over $30 million, is a leading provider of outsourced benefits services that help employers design, implement and administer healthcare benefits. Services include plan evaluation and design, employee enrollment, communication and recordkeeping. Commenting on the acquisition, Mr. Weinbach said, "HBA is a natural extension of our core payroll, tax filing and human resource capabilities. With an excellent client service reputation and high value service, HBA is a well-respected independent third party in the healthcare market. Over time we hope to build HBA and other types of benefit outsourcing (1) Contracting with outside consultants, software houses or service bureaus to perform systems analysis, programming and datacenter operations. Contrast with insourcing. See netsourcing, ASP, SSP and facilities management. into an important strategic business for ADP (1) (Automatic Data Processing) Synonymous with data processing (DP), electronic data processing (EDP) and information processing. (2) (Automatic Data Processing, Inc., Roseland, NJ, www.adp. ." ADP, with over $3.5 billion in revenue and 375,000 clients, is one of the largest independent computing computing - computer services firms in the world. CONTACT: ARTHUR SCHMIDT & ASSOCIATES, INC. 212/953-5555 |
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