GroupHEALTH Benefit Solutions makes significant investment in Calgary-based groupSource LP
- Posted in News
Surrey, B.C. – GroupHEALTH Benefit Solutions and Gary Mitchell, a highly respected professional in the group benefits industry, have jointly acquired group insurance provider GroupSource LP, Matt Houghton, CEO of GroupHEALTH announced recently. The companies will continue to operate as separate entities, but will share administrative software, systems and foundational underwriting components.
Said Houghton, “GroupSource is an organization that epitomizes customer service. They embody the GroupHEALTH philosophy of providing clients with an exceptional experience in every interaction. Having Gary Mitchell take on the role as president is a huge win right out of the gate. Gary has decades of experience and the kind of vision that will help groupSource grow dramatically.” He added: “The two organizations have great similarities and complementary skill sets and we look forward to augmenting their team with some amazing technology and industry-exclusive products and services.”
Said Mitchell, “I am thrilled about the opportunity to lead a company with such great potential. The synergies with GroupHEALTH will provide dividends to both firms. This is an exciting time for both organizations.”
GroupSource LP, (groupsourc.wpengine.com), formerly WSG Benefit Consultants, was founded in Calgary in 1982. With offices in Calgary, Edmonton, Kelowna and Vancouver, groupSource has 75 professional staff providing group benefits plans to more than 70,000 Canadians through 1,200 corporate clients across Western Canada.
Founded in a basement in Prince George, B.C. in 1982, GroupHEALTH Benefit Solutions (www.grouphealth.ca) has more than 150 staff members in offices in Surrey, Port Coquitlam, Burlington and Barrie. They insure more than 2,500 client organizations across Canada in both the public and private sectors, supporting in excess of 250,000 Canadians with their employee benefits plans and group insurance. GroupHEALTH is differentiated by its singular focus on delivering client solutions that prioritize cost containment and value adds to ensure long-term benefit program sustainability.