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Meritain Health Acquires Administrative Enterprises, Inc.
Meritain Health Acquires Administrative Enterprises, Inc.
Media Contact:
Donna Hofmeister
(410) 645-1878
Donna.Hofmeister@meritain.com
BUFFALO, NY. (August 9, 2010) – Meritain Health, the nation’s largest independent provider of services for self-funded health plans, today announced it has acquired Administrative Enterprises, Inc. (AEI), a leading third party administrator located in Phoenix, Arizona. Financial terms of the acquisition were not disclosed.
This acquisition brings together two companies dedicated to helping employers control the cost of employee healthcare, while providing superior customer service, flexibility, innovative products and state of the art technology. With the addition of AEI’s more than 65,000 members, Meritain Health serves more than 1.4 million members nationwide.
“Given the current economic environment, employers now more than ever are looking for long-term solutions to control rising healthcare costs,” said Elliot Cooperstone, Chief Executive Officer of Meritain Health. “Combining AEI and Meritain Health offers clients personalized service at the local level with the benefit of access to new products and services."
Joining forces with Meritain Health enables AEI to compete on a national playing field, offering cost effective products that can compete with the country’s largest carriers. “Being part of Meritain Health gives us the support of a national organization and the opportunity to grow our business by offering new products and services while maintaining our local personalized service out of our Phoenix office.” said Leanne Appeldorn, President of AEI.
About Meritain Health
Meritain Health is the nation’s largest independent provider of services for self-funded health plans. Meritain Health serves more than 1,700 self-funded clients and more than 1.4 members nationally. The company provides plan administration, innovative wellness, medical management, disease management, network management, and cost management services. Meritain Health is also a pioneer and now the leading independent provider of Consumer-Directed Health Plans. Meritain Health employs more than 1,400 people, with headquarters in Buffalo, N.Y., and regional offices over 30 cities across the country. For more information, visit http://www.meritain.com.
