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Deals and People September 1, 2011
HealthPlan Holdings Announces CEO of Union Trust Businesses
September 1, 2011 (PLANSPONSOR.com) – HealthPlan Holdings, Inc. announced the promotion of Art Schultz to CEO of its union trust businesses.
Reported by Tara Cantore
These businesses include American Benefit Plan Administrators (ABPA) and the newly acquired Zenith Administrators, Inc., which will merge to create a national third-party administrator of health care, retirement, and other benefits to Taft-Hartley trust funds, and state and municipal plans. Schultz will also head up GEMGroup, which specializes in accounting, pension, and 401(k) administration software and services to self-funded and Taft-Hartley employee benefit plans for unionized workers.
Previously, Schultz was Executive Vice President and COO of HealthPlan Services (HPS), a wholly owned subsidiary of HealthPlan. During Schultz's 10-year tenure as COO of HPS, the company increased its headcount by 65% and grew its revenues from $80 million to $140 million. Premiums serviced also increased from $350 million to $1.7 billion.
Schultz originally joined HealthPlan as an Executive Vice President following the company's 1996 acquisition of Consolidated Group, Inc. (CGI). In addition to his role as minority Owner and COO of CGI, Schultz served as President of its wholly owned subsidiary, CGI Claims. Other past positions include Senior Vice President of My Way Health.