TAMPA, Fla. April 19, 2005 - HealthPlan Holdings announces the addition of Mr. Michael Moran as Vice President, Business Development. In this new role, Moran's primary responsibility is growing the Taft-Hartley, government and large business segments of the firm's American Benefit Plan Administrators (ABPA) business unit.
"Mike has impeccable credentials in the large group arena, especially in working with Taft-Hartley trusts," said Jeff Bak, President and CEO of HealthPlan Holdings. "He has extensive knowledge and experience and is the ideal person to lead our efforts in this important market."
Prior to joining HPH, Moran was Assistant Vice President of Sales, responsible for sales and account management activities at First Health. He had also previously served as an assistant to the late Congressman Phil Burton where he focused on health and welfare issues.
Moran currently serves as chair of the health care services committee of the International Foundation of Employee Benefit Plans.
About HealthPlan Services
HealthPlan Services, a Sun Capital Partners, Inc. affiliate, is the nation's largest provider of advanced business process outsourcing solutions to the insurance industry. Since 1970, HPS has provided customized administration and distribution services to the employee benefit market serving individual, small business, voluntary, and association plan customers. With flexible and scalable IT platforms, HPS offers an ever-expanding array of services to a diverse and growing client base, including many Fortune 500 insurers. Offering products such as Medical (PPO, HMO, indemnity, consumer-driven), Dental, Life, Disability, Long Term Care and Ancillary insurance, HPS is committed to providing extraordinary service to its customers. For more information about HealthPlan Services, please visit www.healthplanholdings.com.
About Sun Capital Partners, Inc.
Sun Capital Partners, Inc. is a leading private investment firm focused on identifying leveraged buyout and investment opportunities in market-leading companies that can benefit from the expertise and experience of Sun Capital's in-house operating professionals. Sun Capital Partners has offices in Boca Raton, Los Angeles, New York, and London. With more than $2.5 billion of capital under management, affiliates of Sun Capital Partners have acquired more than 90 companies throughout the world with consolidated sales in excess of $20.0 billion. For more information about Sun Capital Partners, Inc., please visit www.SunCapPart.com.
Contact: HealthPlan Holdings, Inc., Jeff W. Bak (813) 289-1000, extension 2037