HealthPlan Holdings Promotes Art Schultz to CEO of Union Trust Businesses

TAMPA, Fla., Sept. 1, 2011 /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, announced today the promotion of Art Schultz to CEO of its union trust businesses.

These include American Benefit Plan Administrators (ABPA) and the newly acquired Zenith Administrators, Inc., which will merge to create a leading national third-party administrator of healthcare, retirement and other benefits to Taft-Hartley trust funds, and state and municipal plans. Schultz will also head up GEMGroup, which specializes in accounting, pension and 401(k) administration software and services to self-funded and Taft-Hartley employee benefit plans for unionized workers.

Previously, Schultz was executive vice president and COO of HealthPlan Services (HPS), a wholly owned subsidiary of HealthPlan and the nation's leading technology and administrative services provider for the insurance and managed care markets.

"Art has been instrumental in growing the HPS business, including developing and maintaining many of our carrier relationships," said HealthPlan President and CEO Jeff Bak. "He is the best choice for this position and has the experience, vision and leadership that will be required to successfully navigate the opportunities and challenges of the future."

During Schultz's 10-year tenure as COO of HPS, the company increased its headcount by 65% and grew its revenues from $80 million to $140 million. Premiums serviced also increased from $350 million to $1.7 billion.

Schultz originally joined HealthPlan as an executive vice president following the company's 1996 acquisition of Consolidated Group, Inc. (CGI). In addition to his role as minority owner and COO of CGI, Schultz served as president of its wholly owned subsidiary, CGI Claims.  Other past positions include senior vice president of My Way Health.

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 2 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.

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