Pro-Flex Administrators, LLC
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Pro-Flex Administrators, LLC - overview
Established
2010
Location
Williamsville, NY, US
Primary Industry
Insurance
About
Founded in 2010 and based in New York, US, Pro-Flex Administrators, LLC operates as a provider of insurance and third-party administration that focuses on consumer-driven benefits, benefit continuation, and compliance services. In August 2023, Benefit Resource, Inc. , a portfolio company of Millennium Trust Company, LLC, Parthenon Capital, and ABRY Partners, acquired Pro-Flex Administrators, LLC. The company’s core offerings include the management of Health Savings Accounts (HSAs), Health Reimbursement Arrangements (HRAs), and Flexible Spending Accounts (FSAs).
These services are designed to help employers offer health benefits to their employees while ensuring compliance with regulatory requirements. Pro-Flex also provides an eligibility list to streamline the process of determining which employees qualify for various benefits. The firm’s key feature is the Pro-Flex Mobile App, which is designed to provide quick access to their HSA, HRA, and FSA health benefit accounts. The app allows users to easily check their balances, review account details, and manage their health benefits on the go with real-time access and navigation.
Its mobile app is available for download on the App Store and Google Play.
Current Investors
Benefit Resource, Inc.
Primary Industry
Insurance
Sub Industries
Brokerages, Insurance Intermediaries, Accounting/Finance Software
Website
https://proflextpa.com/
Verticals
Mobile Apps
Company Stage
Add-on
Total Amount Raised
Subscriber access only
Pro-Flex Administrators, LLC - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | Pro-Flex Administrators, LLC | - |
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