Alegeus Strengthens Executive Bench with Three New Hires

  Alegeus Strengthens Executive Bench with Three New Hires

Market leading healthcare and benefit payments provider appoints former CIGNA,
   Trizetto and ADP executives as new heads of strategy, sales and service

Business Wire

WALTHAM, Mass. -- March 21, 2013

Alegeus Technologies, the market leader in healthcare and benefit payments,
appoints John Park as Chief Strategy Officer, Matthew Francis as Chief Sales
Officer and Robert Pinataro as Chief Service Officer.

“This is an important year for us as we look to introduce Alegeus nationally
as an independent brand and industry-leading healthcare and benefit payments
provider,” said Robert Natt, Executive Chairman of Alegeus Technologies. “We
are focused on investing in top talent to extend the company’s leadership
position in a market that is undergoing rapid changes driven by the shift
towards healthcare consumerism. These three executives bring tremendous market
insight and will be integral in shaping the company’s direction.”

“We are very excited to welcome these individuals to our senior management
team,” said Tom Torre, Chief Executive Officer of Alegeus. “Their collective
experience and industry knowledge will be a huge asset to our organization,
and are complementary to the talents of our existing team.”

As Chief Strategy Officer, John Park will lead corporate strategy and
corporate development for Alegeus. Park brings extensive experience in the
healthcare space. Throughout his career, he has been at the forefront of the
healthcare consumerism movement. Prior to joining Alegeus, he was a senior
leader at CIGNA Healthcare, responsible for developing strategy and leading
business development initiatives across the organization. Park was a founding
member of Definity Health, a health plan startup responsible for pioneering
the movement towards a consumer-driven marketplace for healthcare. Park also
served as a vice president at Fidelity Investments, responsible for various
aspects of the healthcare strategy and developing the Health Savings Account
product for Fidelity Employer Services Company. Early in his career, Park
worked as a management consultant with Deloitte Consulting in the Strategic
Healthcare Practice working with clients including hospital systems and three
of the largest national health plans.

“With my background in healthcare consumerism, I’ve been familiar with the
Alegeus organization since its early days as MBI and Metavante,” said Park.
“It’s clear that Alegeus is well-positioned for growth. With its
industry-leading technology platform, strong leadership team, and investors
who understand the potential opportunities – it was an easy decision to join
the Alegeus team.”

Joining Park is Matt Francis, who will assume responsibility for both sales
and client relationship management as Chief Sales Officer at Alegeus. Francis
brings more than 25 years of experience in sales and sales leadership within a
variety of healthcare and health information technology organizations. Prior
to joining Alegeus, Francis was Senior Vice President, Payer and Provider
Solutions at American Well Corporation. Francis has also held various sales
leadership roles at Trizetto, where he successfully developed and led cross
functional teams of sales and account management professionals in executing
strategies to acquire new customers and expand the footprint within the
existing customer base. Francis has also held roles within the healthcare
information technology industry for Oracle Corporation’s health industries
business group, within the TPA industry for Employee Benefit Plans (EBP), and
within the health plan market for Foundation Health Systems (now HealthNet)
and Great West Life Assurance Company (now part of Cigna).

Rounding out the trio of new hires is Robert (Rob) Pinataro, who will assume
responsibility for production, operations, client service and product
management as Chief Service Officer. Charged with ensuring service excellence,
Pinataro joins Alegeus with an extensive background within the technology,
banking, insurance and benefit services industries. Most recently Pinataro was
the COO of Nationwide Credit, a division of Altisource Portfolio Solutions,
with prior roles as theVP/General Manager, Payment Solutions at Open
Solutions, Inc., the VP/General Manager COBRA/FSA Services for ADP and various
leadership roles within General Electric’s Global eXchange Services business.
Pinataro has also been the CEO and Founder of two organizations that
specialize in advising benefits and healthcare service & technology firms on
“accelerating excellence” in growth, profitability and quality.

About Alegeus Technologies

Alegeus Technologies is the market leader in healthcare and benefit payments –
offering the industry’s most comprehensive platform for the administration of
tax-advantaged benefit accounts (FSAs, HSAs, HRAs, MERPs, VEBAs, DCAPs and
transit accounts), the industry’s most widely-used benefit debit card, and
leading services for the outsourced management of claim payments and
associated data exchange. Over 500 clients – including health insurance plans,
third party administrators and financial institutions – leverage Alegeus’ deep
expertise and proven technology to administer benefit accounts for more than
17.5 million members and process more than $18 billion in healthcare payments
annually. As the healthcare and benefit markets continue to evolve, Alegeus
delivers solutions that enable clients to evolve their service offerings,
operate their businesses more efficiently, and focus on their customers. The
company is headquartered in Waltham, MA with operations in Carrollton, TX and
Milwaukee, WI. To learn more about Alegeus, please visit


Alegeus Technologies, LLC
Jennifer Irwin, 414-699-5927
PAN Communications
Nikki Festa, 617-502-4300
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