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BenefitStreet, Inc.
BenefitStreet Completes Sale of Qualified Benefits, Inc. and Pension Benefit Services, Inc.
September 28th, 2008
BenefitStreet, Inc. announced it has sold the business operations of its Qualified Benefits, Inc. (QBI) and Pension Benefit Services, Inc. (PBS) subsidiaries. The business operations of both California-based TPAs - originally acquired by BenefitStreet in 2005 - were sold to QBI, LLC, which will maintain its headquarters in Woodland Hills. Former Qualified Benefits, Inc. President and Chief Executive Officer, Greg Taylor, will assume the role of CEO for QBI, LLC. Terms of the deal, which was finalized on September 5, were not disclosed. "This is an exciting move," said Taylor. "It enables us to effectively serve a robust California...
Source: Pharma Investments, Ventures & Law Weekly (2008-09-28)
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