HealthPlan Holdings Appoints Stephen Saft as CFO, CAO

TAMPA, Fla., April 3, 2012 /PRNewswire/ -- HealthPlan Holdings, Inc. (HealthPlan), a leading provider of outsourced solutions to insurers in the individual, fully insured group, union trust and voluntary benefits markets, has appointed Stephen Saft as its CFO and Chief Administrative Officer (CAO). In this role, Saft will manage the overall financial and accounting functions for the company's business lines and lead all corporate administrative services.

"Steve's broad expertise in leading operations, strategic planning and financial management activities will provide a solid foundation for our next stage of growth," said HealthPlan President and CEO Jeff Bak. "We look forward to incorporating his experience into our strategies to position HealthPlan for the next phase of cutting-edge service delivery."

An industry veteran with more than 15 years in the healthcare services field, Saft most recently served as CFO and CAO at CCS Medical, a leading provider of medical supplies. During his tenure with the company, he was also a member of the Office of the President. Prior to CCS, he was CFO and Treasurer of Priority Healthcare Corporation, a Fortune 1000 company that distributed and managed biopharmaceutical therapies.

Saft's background also includes work with international accounting firms Deloitte LLP and PricewaterhouseCoopers LLP. He holds a Bachelor of Science and Master of Accounting from the University of Florida and is a certified public accountant.

About HealthPlan Holdings, Inc.

Founded in 2001, the origins of HealthPlan Holdings, Inc. date back to 1970. Today it provides end-to-end sales, administration and technology solutions to fully insured health plans, self insured employer groups, insurance companies and unions. The company supports more than 30 insurance carriers that utilize its technology and service solutions to help grow and retain their members, and reduce their membership administrative costs in the individual and small business markets. The company currently supports more than 4 million members and thousands of small businesses, as well as some of the nation's largest Taft-Hartley funds for unionized workers. Headquartered in Tampa, Fla., HealthPlan employs approximately 2,200 associates. For more information, visit www.healthplanholdings.com.

SOURCE HealthPlan Holdings, Inc.