Rapidly Growing Industry Leader PaySpan Announces New CEO

Feb 26, 2015, 18:41 ET from PaySpan

ATLANTA, Feb. 26, 2015 /PRNewswire/ -- PaySpan®, Inc., the leading provider of health care reimbursement and payment automation, today announced the appointment of Rex Adams as Chief Executive Officer, replacing Kevin Arner.

Mr. Adams' extensive operational experience and senior leadership roles in organizations including Children's Healthcare of Atlanta, CareCentrix, WellCare Health Plans, AT&T and BellSouth are well suited to continue PaySpan's rapid growth and expansion. Mr. Adams' breadth of experience crosses operations, information technology, product development and management, and strategy and corporate planning. Mr. Adams is a graduate of the United States Military Academy at West Point and Harvard Business School.

PaySpan's leading health care payment and financial services solutions are utilized by over 950 health plans and over 700,000 health care provider payees, representing the largest health care payment connectivity network in the nation.

ABS Capital Partners, a leading growth equity firm, is PaySpan's majority owner and continues to support the Company's rapid growth and leadership position.

About PaySpan
With more than 25 years of payments expertise, PaySpan® is a trusted source of innovative health care reimbursement solutions that Empower the Healthcare Economy® for health plans, providers, members and banks. PaySpan's solutions enable stakeholders to interact across communities, conduct commerce, capture value, instill trust and strategically use reimbursement currency strategically. PaySpan's customers comprise an elite array of industry leaders, representing all benefit types, spanning both commercial and government sectors. For more information, visit www.payspan.com.

About ABS Capital Partners
For 25 years, ABS Capital has been investing in later-stage growth companies, helping them capitalize on new opportunities and navigate unforeseen obstacles – while never losing sight of the ultimate goal of achieving lasting excellence. ABS Capital's partners have decades of experience as C-level executives, investment bankers and investors in the industries they invest in: business and education services, information and communications technology, and health care. This combination of experience and expertise means we have a laser-focus on the specific needs growth companies face as they look to get to the next level. By helping to transform over 110 companies through their most important stage of development, ABS continues to help unleash the potential for lasting growth.

ABS Capital Partners. Here, we grow.
For more information, visit www.abscapital.com

Media Contact
Tim Boivin
Amendola Communications for PaySpan

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