Caprock Health Group Acquires Third Party Administration division of Employee Benefit Services
Lubbock, TX/San Antonio, TX – December 12, 2013 – Caprock Health Group announced today that it has completed the acquisition of the third party administration division of Employee Benefit Services (EBS). EBS is an established healthcare services company providing brokerage services, benefits administration, eligibility management and third party administration services. The EBS third party administration (TPA) division serves self-funded employer health plans in the greater San Antonio, Texas Region. The acquisition makes Caprock Health Group one of the largest health care services organizations in the region.
The acquisition will continue Caprock Health Group’s strategic initiative related to geographic expansion, product diversification and growth. The merger of Caprock and EBS’s TPA will enhance the Caprock Health Group’s position as an industry leader in innovative plan management and cost containment services.
“The Villemain family have done a tremendous job developing a high quality, service oriented Third Party Administrative firm. Caprock Health Group is proud to have been chosen to advance the EBS service model through our acquisition of EBS. EBS is a great complement to the Caprock Health Group of family companies. Their business model is a very good fit and they have great leadership who know our industry and will continue to support the self-funded employer groups involved,” said David Adams, CEO of Caprock Health Group.
“Employee Benefit Services is pleased with the completion of the transition of our TPA Division to Caprock Health Group. We feel this acquisition of our TPA division will be beneficial for our clients, and at the same time, better align EBS’s services for long term growth,” said EBS President Pete Villemain.
Employee Benefit Services is a full service Brokerage Firm. Family owned and operated for 25 years the Villemain family offers clients quality products and services delivered promptly at competitive prices. As a brokerage EBS works directly with clients to offer a full line of benefit products and services as well as consulting with employers on customized self- insured employee benefit programs. Through a mutually beneficial partnership, they promote a spirit of teamwork among clients, employees and vendors.
Caprock Health Group is a health care services organization comprised of affiliated companies working in close coordination to provide an effective integrated solution for employers and insurance brokers who want the very best in self-funded health plan management and fully insured plan access. Caprock Health Group offers a full suite of products which are designed to provide each employer maximum cost savings. Our focus is helping employers manage long-term health care costs by empowering employees through education, creating healthier consumers, and incorporating highly effective cost containment strategies.
Annette Alonzo, Director of Marketing, Caprock Health Group
Editor’s Note: With the recent acquisition of Verity National (http://blog.riskmanagers.us/?p=12168) and now EBS, Caprock is well positioned to become the premier TPA for the San Antonio area. Caprock provides competitive Cost Plus, Reference Based and Medicare Plus pricing models ( http://blog.riskmanagers.us/?p=12327) as well as traditional managed care plans.