US insurance broker and risk management firm Risk Strategies has announced the acquisition of Academic HealthPlans, Inc. (AHP), a firm that creates and administers health insurance plans that colleges and universities make available to its students.
The acquisition will significantly expand Risk Strategies’ standing as a broker of student health insurance plans, following its purchase of University Health Plans in 2017.
Based near Fort Worth in Grapevine, Texas, AHP counts over 150 colleges and universities nationally as clients, from small and mid-sized institutions to major university systems.
“High-quality, affordable and simple-to-navigate student health insurance offerings are important for higher education institutions, and AHP is a proven leader in this arena,” said John Greenbaum, Risk Strategies’ Employee Benefits Practice Leader.
“From plan creation to ongoing administration, AHP’s focused expertise makes them a great fit for our approach to problem solving and client service.”
Terry Lyons, Founder and CEO at AHP, also commented: “I started Academic HealthPlans with a sole focus — to provide care-driven, flexible solutions to help institutions meet the diverse health insurance needs of their students.”
“Risk Strategies understands the value of specialty expertise and innovation to solve today’s complex healthcare challenges, so joining up with them seemed like the best way to solve that challenge for our clients and expand our business and capabilities,” Lyons continued.
“We expect this event to be transparent to our clients, employees and business partners. I am very excited about the opportunity to lead Risk Strategies’ student health business.”