Delta Health Systems Aquires P5 Health Plan Solutions
September 18, 2009
Stockton, CA – Delta Health Systems today announced the acquisition of P5 Health Plan Solutions, a leading third-party administrator (TPA) headquartered in Salt Lake City, Utah.
The acquisition of P5 will provide Delta Health Systems with an opportunity to increase its market share throughout the United States; positioning Delta as one of the largest independent TPAs in the West. Together, Delta Health Systems and P5 will work with their key constituents to best serve their respective clientele.
“We have been looking for new ways to expand our market share in the West and have respected P5 as a sound competitor throughout the years. Now, the combination of our two organizations allows us to apply the best in class for service and product offerings for our customers, consultants and membership in the self-funded community,” said Tom Partlow, President of Delta Health Systems.
Camile Drew, VP Sales & Marketing for P5 Health Plan Solutions stated, “P5 Health Plan Solutions is excited about the new opportunities this sale will bring to our customers. In this increasingly competitive marketplace, our clientele will benefit from the purchasing power provided by a larger organization.”
P5 will be operated as a wholly owned subsidiary of Delta Health Systems and will continue to service its clients out of its Salt Lake City office.
About Delta Health Systems
Delta Health Systems has operated as a privately-held company based in Stockton, California since 1968 and is a national provider of administrative services for self-funded plan sponsors. Delta continues to thrive due to its strong reputation for managing plan expenses through sound disease management practices and aggressive claim management. Delta’s clients, covering more than 100,000 employee lives, include private employers, public and government entities, hospitals and labor trust plans.
About P5 Health Plan Solutions
P5, a privately held company, provides ERISA plan administration, innovative health care management, electronic Medicare payer systems, sophisticated cost containment strategies and a strong medical management component. P5 has revolutionized the way health care solutions are delivered to their self-funded clients through a commitment to personalized service, cost management, state-of-the-art technology and sophisticated reporting tools.