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American Capital exited its investment in Corporate Benefit Services of America in the fourth quarter of 2006.

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American Capital Invests $23 Million in Leading Designer and Third Party Administrator of Healthcare Benefit Plans
Bethesda, MD - July 14, 2003 - American Capital Strategies Ltd. (Nasdaq:ACAS) announced today it has invested $23 million in Corporate Benefit Services of America Inc. ("CBSA"), a leading full-service third party manager and administrator of employee healthcare benefit plans. American Capital's investment takes the form of a last out Term C senior loan and senior subordinated debt with warrants and supports the buyout of CBSA by Churchill Equity and ESOP Capital Partners from Code Hennessy & Simmons LLC. CBSA management is jointly investing in common equity. [more...]

CBSA, Inc. Helps Employers Contain Healthcare Costs
With healthcare costs spiraling ever upward, employers are searching for the most cost-effective way to provide and administer their medical and dental benefits. Corporate Benefit Services of America, Inc. (CBSA), based in Minnetonka, MN, is a leading provider of such cost management solutions. CBSA designs and administers customized self-funded and fully-insured plans targeting small to mid-sized companies. As part of its service offering, CBSA provides a complete range of medical insurance benefit administration services including health management service pursuant to its MC2000+ medical management company. MC2000+ offers both self-funded and fully-insured clients the ability to further manage cost through its large case, disease, chronic illness management and bill negotiation services. Operating on a nationwide basis, CBSA is in the top 10% of third-party administrators (TPAs) operating in the U.S. CBSA is one of only a few diversified companies that offer a full range of benefits products for its clients. [more...]