PARK CITY, Utah, April 20 /PRNewswire/ -- Extend Benefits Group, LLC (formerly Wellness Services LLC), a full-service employee benefits company and a pioneer of Health Savings Accounts, is pleased to announce a series of events that position the Company for rapid growth in its core benefits business:
-- The Company closed today a $1.25 million Series “A” financing round that will fund the Extend Benefits’ expansion of its activities into the corporate benefits marketplace. Investors in the round include all of the Company’s existing shareholders, plus the new President and Chief Executive Officer. -- Bryce A. Williams, most recently Senior Vice President of Marketing and Business Development at eHealth, Inc, the Sunnyvale, California- based parent company of eHealthInsurance Services, Inc., has joined the Company as President and Chief Executive Officer. Mr. Williams replaces Anthony E. Meyer, Extend Benefits’ Co-Founder, who will remain with the Company in the joint capacities of Chief Operating Officer and Chief Financial Officer. At eHealth, Mr. Williams directed the company’s online health insurance partnerships with, among others, Microsoft, Yahoo, General Electric, Bank One and Wells Fargo. During Mr. Williams’s tenure, eHealth grew to become the largest individual health insurance broker in the United States. -- The Company also announced a rebranding as Extend Benefits Group, LLC to reflect the broadening of the Company’s core activities. In addition to providing “wellness"-themed products and services to associations and contractor-based organizations such as direct sales companies and franchise groups, Extend Benefits will use its proprietary technology to power corporate benefits programs. Extend Benefits’ core benefits offerings include health and life insurance, IRA’s and Health Savings Accounts and network savings programs for healthcare services, including pharmacy, dental and vision care.
Mr. Williams, Extend Benefits’ new President and CEO, commented, “I am pleased to join Extend Benefits with the opportunity and mandate to take their online benefits management technology and unique HSA-eligible programs and services to Corporate America. The recently-approved Health Savings Account legislation provides besieged human resources departments with an innovative and affordable new alternative to finance their benefits programs. Extend Benefits will be a leader in what I expect to be a booming new area.”
Paul Zane Pilzer, the world-renowned economist, software entrepreneur, college professor and best-selling author who is the Company’s Chairman and Founder stated, “I am elated that Bryce has joined our organization. His proven management and marketing skills and broad industry relationships, together with a decade of healthcare and benefits experience, are exactly what we need to bring consumer-driven healthcare and our pioneering Health Savings Accounts to tens of millions of American families.”
Mr. Meyer, venture capitalist and entrepreneur who is the Company’s Co- Founder and transitioning CEO, said, “We are extremely pleased to welcome Bryce Williams to the Extend Benefits family. He joins us at an important time for the Company, as we launch our innovative and affordable benefits programs into the mainstream of Corporate America. Having someone of Bryce’s stature and experience join us is a strong affirmation of the timeliness of our core business proposition, and, armed with our new capital infusion, we are able to finance the expansion of our activities into these new market sectors.”
About Extend Benefits Group, LLC (formerly Wellness Services LLC)
Extend Benefits Group, LLC is a national benefits firm offering proprietary technology to power corporate benefits programs. The Company was founded in 1999 by leading healthcare and benefits industry professionals who share the vision of enabling American corporations to empower their workers to take control of their own health and retirement savings. Today, Extend Benefits Group is a pioneer in the booming consumer-driven health care marketplace through its industry leadership in offering Health Savings Accounts as part of a cost-effective and easy-to-manage benefit plan.
The Company’s core program offerings are designed to reduce the cost, administrative burdens and regulatory compliance responsibilities for corporate human resources and benefits departments charged with providing employee benefits. Extend Benefits Group’s innovative and affordable benefits programs provide access to such traditional benefits offerings as health and life insurance, tax-advantaged Health, Retirement and Education Savings Accounts and network savings programs for healthcare services, including pharmacy, dental and vision care. All of the Company’s products and services are delivered on a personalized, technology-enabled basis to the full and part-time workers, retirees and contract workers of its clients.
Headquartered in Park City, Utah, with regional offices in San Francisco, New York and Dallas, Extend Benefits Group currently has benefit programs in place with its clients reaching more than 500,000 members. For more information about the Company and its innovative and affordable benefits offerings, please call 866-4EXTBEN or visit the Company’s web site at http://www.extendbenefits.com/.
Extend Benefits Group, LLC
CONTACT: Tony Meyer of Extend Benefits Group, LLC, +1-435-658-0060, ext.204, anthony.meyer@extendbenefits.com
Web site: http://www.extendbenefits.com/
