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Alegeus Further Solidifies Commitment to Innovation Through Strategic Executive Addition

November 12, 2018

WALTHAM, Mass.--(BUSINESS WIRE)--Nov 12, 2018--Alegeus, the market leader in consumer-directed healthcare (CDH) solutions, today announced it has named Brian Colburn as SVP of Corporate Development & Strategy, effective immediately. This newly-created position, which comes on the heels of the recent Vista Equity Partners acquisition of Alegeus in early September, signals that the company is building momentum to deliver innovation and further disrupt the CDH market.

“We’re thrilled to have Brian on board to propel the company forward as we work closely with our clients to fulfill our joint mission of transforming the consumer healthcare funding experience,” said Steven Auerbach, Alegeus CEO. “His extensive strategy, innovation and product experience within the healthcare realm will help us continue to deliver innovative, market-first solutions.”

With more than a decade of strategy and innovation, corporate development, mergers and acquisitions, product management and operations experience, Colburn will lead the company to deliver better solutions, differentiation, and winning outcomes for Alegeus and its clients. Previously, Colburn served in prominent leadership positions where he led large-scale strategic initiatives, such as the joint purchasing venture between CVS Health and Cardinal Health. He also spent seven years at Bain & Company in the Healthcare and Results Delivery practice.

“I’m excited for the opportunity to join such a rapidly-growing and well-respected company at the intersection of healthcare and technology. Building off its incredible success to-date, Alegeus is uniquely positioned to play a leading role in transforming the CDH market going forward.” said Colburn. “I look forward to helping Alegeus continue its tradition of bringing new and innovative solutions to market which will allow our clients, and ultimately healthcare consumers, to get better value for their healthcare dollar.”

Colburn received his MBA in finance and strategic management from the University of Chicago Booth School of Business, and he received his BA from Northeastern University. Colburn currently resides in Massachusetts and will be operating out of Alegeus’ headquarters in Waltham.

About Alegeus

Alegeus is the market leader in consumer directed healthcare (CDH) solutions, offering the industry’s most comprehensive platform for the administration of healthcare benefit accounts (including FSAs, HSAs, HRAs, wellness incentive, dependent care, and commuter accounts), the industry’s most widely-used benefit debit card, and powerful engagement solutions to help consumers maximize savings and optimize spending for their healthcare. Over 300 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 30 million members and process more than $9.1 billion in consumer 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 Orlando, FL and Milwaukee, WI.

View source version on businesswire.com:https://www.businesswire.com/news/home/20181112005099/en/

CONTACT: For Alegeus:

Jennifer Irwin, 414-699-5927

jennifer.irwin@alegeus.com

KEYWORD: UNITED STATES NORTH AMERICA MASSACHUSETTS

INDUSTRY KEYWORD: TECHNOLOGY SOFTWARE HEALTH PROFESSIONAL SERVICES ACCOUNTING BANKING FINANCE HUMAN RESOURCES INSURANCE GENERAL HEALTH MANAGED CARE

SOURCE: Alegeus

Copyright Business Wire 2018.

PUB: 11/12/2018 09:00 AM/DISC: 11/12/2018 09:01 AM

http://www.businesswire.com/news/home/20181112005099/en

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