Whitton Joins HealthPlan Services as Chief Financial Officer
TAMPA, Fla. – (May 4, 2010) – HealthPlan Services (HPS), the nation’s leading technology and administrative services provider for the insurance and managed care markets, has appointed Michael Whitton to the position of Chief Financial Officer (CFO).
“Michael has a wealth of financial and strategic experience based on 25 years as a financial executive in the insurance industry,” said Jeff Bak, President and CEO of HPS. “His strong analytical and leadership skills will be key assets as HPS continues to grow.”
Prior to joining HPS, he served as Senior Vice President and CFO of New York Life’s U.S. Life Insurance Operations, where he oversaw all aspects of the financial management, reporting and analysis of the company’s largest business entity. He was also a member of the New York Life Insurance and Annuity Corporation Board.
Whitton has a bachelor’s degree in accounting from the State University of New York at New Paltz. He is a certified public accountant, a certified fraud examiner and is a member of the American Institute of Certified Public Accountants. He resides in Tampa with his wife and two children.
About HealthPlan Services
HealthPlan Services (HPS), a Water Street Healthcare Partners affiliate, is the largest independent provider of service and technology solutions to the insurance and managed care industry. Since 1970, HPS has offered customized administration and distribution services to insurers of individual, small group, voluntary and association plans, as well as providing valuable solutions to thousands of brokers and agents that sell into this market. HPS’ proprietary, scalable technology provides innovative consumer-facing solutions that are turnkey self-service tools for our insurance carriers and distribution partners. HPS offers an ever-expanding array of services to a diverse and growing client base, and administers products that include medical (PPO, HMO, indemnity, consumer-driven), dental, vision, life, disability, cancer, critical illness, accident, long term care, limited medical, as well as various other ancillary insurance. HPS is committed to providing extraordinary service to its customers. For more information about HPS, visit www.healthplan.com.
About Water Street Healthcare Partners
Water Street Healthcare Partners is a leading private equity firm focused exclusively on health care. With more than $1 billion of capital under management, Water Street is one of the most active investors in the health care industry. The firm has a strong track record of building market-leadership companies across key growth sectors in health care. It has partnered with some of the world’s leading health care companies on its investments, including: Gentiva Health Services, Inc., Johnson & Johnson, Medtronic and Smith & Nephew. Water Street’s team is comprised of industry executives and private equity professionals with decades of experience investing in and operating global health care businesses. The firm is headquartered in Chicago. For more information about Water Street, visit www.wshp.com.
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