PERFORMAX Acquires CBSA
On August 21, 2006, PERFORMAX, a Calvert Street Capital Partners ("Calvert Street") portfolio company and a national designer and manager of employee health benefits plans, has announced the completion of its acquisition of Corporate Benefit Services of America (“CBSA”), a national third party health benefits administrator.
The combined organization, CBSA PERFORMAX, is the fourth largest privately held, self-funded health benefits provider in the country. The national employee health benefit services provider offers a comprehensive choice of integrated services and expertise in all facets of employee health benefits. With more than 500 employees, 21 offices in major national markets, 800 clients and nearly half a million plan participants in all 50 states, CBSA PERFORMAX has a strong presence in every region of the country.