Flores & Associates LLC Acquires London Health Ltd.
Charlotte, NC – January 22, 2024 (Newswire.com) – Today the IRS announced the Health Care FSA and qualified transportation contribution limits for plan years beginning on or after January 1, 2024 in Revenue Procedure 2023-34.
Flores & Associates LLC (Flores), a premier provider of employer-sponsored reimbursement plans and compliance services, is pleased to announce it has acquired Rhode Island-based London Health Administrators, Ltd. (London Health), a highly regarded third-party administrator of employee benefit programs such as HRAs, HSAs, FSAs, and COBRA.
London Health team members will become a part of the Flores team and continue to operate from the London Health headquarters located in East Providence, Rhode Island. President of London Health, Chris Cote, says, “London Health is very excited for our future with Flores and our ability to better service our clients and partners. They have a very strong company culture with the same dedicated consumer-focused service delivery model as London. Our local team will continue to be the local service provider; however, we are now supported by a national industry leader. Flores solidifies the foundation of London by providing more financial and technological resources to allow us to best meet client needs in the short and long term.”
Flores CEO, Jody Oliver, says, “We are very excited to have London Health Administrators join Flores. London is an absolute top-quality organization focused on high-touch customer service and is always focused on doing the right thing for their customers, which aligns perfectly with Flores’ core values and culture. This strategic acquisition further solidifies our presence in the Northeast region and brings with it some very important new broker and carrier relationships for Flores. The team of tremendously talented professionals will help make Flores a stronger company. We look forward to expanding the broker and client relationships that London has established over the past few decades, by making additional solutions available to them.”
ABOUT LONDON HEALTH ADMINISTRATORS
London Health Administrators was founded in 1964 and is based in East Providence, RI. London is a customer-friendly third-party administrator specializing in administrating employee benefit programs such as HRAs, HSAs, FSAs, and COBRA. London Health Administrators is dedicated to delivering personal service, seamless administration, and cost-focused consumer-driven solutions that allow employees and employers to maximize their benefit dollars and experiences. Today, London services over 125,000 members and over 1,300 employer groups throughout the United States.
ABOUT FLORES
Flores & Associates LLC is a premier third-party administrator of employer-sponsored reimbursement plans, COBRA, leave administration, and compliance services. Based in Charlotte, NC, Flores has emerged as a leader in the CDHP market through a service model founded upon innovative technology, dedicated professionals, and an uncompromising commitment to remarkable service experiences.