HealthPlan Holdings


August 2011


November 2014

Realized Investment

HealthPlan Holdings (“HealthPlan”), a portfolio company of Water Street Healthcare Partners, is a leading provider of outsourced solutions to insurers in the individual, union trust and voluntary benefits markets.

Caltius Structured Capital provided financing to support the acquisition of Caltius portfolio company Zenith Administrators by HealthPlan Holdings subsidiary, American Benefit Plan Administrators. The business combination creates a leading national third-party administrator of health care, retirement and other benefits to Taft-Hartley trust funds and state and municipal plans.

Tampa, FL

“Caltius Structured Capital provided Water Street with a creative financing solution that enabled speed and surety of close in a competitive transaction environment.  This is our
first transaction with Caltius and we look forward to working with its team to support HealthPlan’s management team in executing its exciting growth initiatives.”

Max Mishkin, Vice President, Water Street


Loans made or arranged pursuant to a California Financing Law License, where applicable.