Group Health Group Holdings Inc. is acquiring a minority interest in CDAT Software Inc., the British Columbia-based maker of Oliver benefits administration software.
In June, GroupHEALTH acquired a 75 per cent stake in Canadian Benefits Investment & Insurance Group Inc., a B.C.-based provider of group benefits and wealth management services. And in March, Germany-based Munich Re announced it would acquire 100 per cent of GroupHealth.
This latest partnership will allow the CDAT Software team to leverage the GroupHEALTH Family of Companies’ client base, product suite and shared services to propel their continued growth, according to a press release.
“CDAT and their Oliver benefits administration software platform is completely aligned with our strategy of creating a more efficient and flexible plan administration solution for Canadian benefits and pension organizations,” said Matt Houghton, chief executive officer of GroupHEALTH, in the release.