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Security Health Plan acquires Cornerstone Benefits Administrator

Security Health Plan acquired Indiana-based Cornerstone Benefits AdministratorInc., according to a March 31 news release.

The transaction is expected to strengthen Security Health Plan'sthird-party administrative services arm, Security Administrative Services.

Cornerstone, now part of Security Administrative Services, hasbeen providing third-party administrative services to businesses in Indiana, Michiganand Wisconsin that self-fund their employee health benefits. Security AdministrativeServices is now servicing those clients, as well as its existing Wisconsin clients.