Lamatsin LLC, a company with the Confederated Tribes of Grand Ronde as the majority partner, purchased Shasta Administrative Services, a third-party administrator for health care services, from Jeld-Wen Inc. on November 1, 2012
Lamatsin is a partnership between the Tribe’s Huyhuy (Chinook for “to do business with or trade with”) LLC and Hawaii-Western Management Group (HWMG) Inc. of
Grand Ronde Tribal Director of Economic Development Titu Asghar said the acquisition of Shasta Administrative Services is part of the Tribe’s two-pronged strategy regarding economic development.
Since Shasta was already processing health claims for the Tribe’s self-funded health plans, it was a synergistic purchase, Asghar said. In addition, it will help the Tribe diversify its economic interests beyond gaming (Spirit Mountain Casino) and timber from its more than 10,000-acre reservation southwest of
“Synergy and diversity are keys to the Tribe’s economic development philosophy,” Asghar said.
Shasta was formed in January 1, 2001, to serve the needs of Jeld-Wen and other self-funded employers in the
Asghar said Shasta will market its services to other Tribes nationally and other commercial interests, locally and nationally.
Shasta will remain in
Asghar said the purchase of Shasta Administrative Services continues the Grand Ronde Tribe’s commitment to
The minority owner, HWMG, provides third-party services for both insured and self-funded employer groups’ health plans in
Asghar said the current Shasta management team will remain in place and that the Tribe will not actively manage the company.
About the Tribe
The Confederated Tribes of Grand Ronde Community of
These Tribes and Bands include the Rogue River, Umpqua, Chasta, Kalapuya, Molalla,
The Tribes’ ceded lands in
For more information about the Tribe, visit www.grandronde.org.