Leading Consumer-Directed Healthcare Provider ConnectYourCare Announces Search for Next CEO

Seasoned Technology Executive James C. Simmons takes over as Interim CEO as Founder Spriggs Steps Down

HUNT VALLEY, Md., April 22, 2014

ConnectYourCare, a national leader in consumer-directed healthcare(CDH) and health savings account (HSA) solutions, today announced that one of its co-founders, Jamie Spriggs, has stepped down as Chief Executive Officer. James C. Simmons, a current ConnectYourCare board member and former technology executive, was appointed as interim Chief Executive Officer while the Company conducts a search for a permanent replacement.

ConnectYourCare’s consumer-directed healthcare solutions enable employers, healthcare providers and financial institutions to quickly and easily offer consumers the latest consumer-directed healthcare tools, including HSAs, with minimal overhead. ConnectYourCare, the 2014 Paybefore Award winner for Best Benefits Delivery Program for HSA On Demand®, announced that growth in its HSA accounts quadrupled in 2013. As the nation’s #1 independent administrator of HSAs, ConnectYourCare services more than 20,000 employers. ABS Capital Partners, a leading growth equity firm, invested in ConnectYourCare in 2012.

James comes to ConnectYourCare with 25 years of experience in the technology industry. Most recently he served as Chief Executive Officer and President of SunGard Availability Services, a leading international provider of disaster recovery services, managed IT services, information availability consulting services and business continuity management software.

ChampionScott Partners has been retained to conduct the CEO search. For more information, please visitwww.championscott.com

About ConnectYourCare

As people who can make sense of the evolving health care landscape, ConnectYourCare gives employers a fighting chance against skyrocketing health care costs—while offering employees a valuable benefit they use and appreciate to better manage health savings. Delivering ROI and efficiencies at every turn; giving individuals tools they can use to make better-informed choices, including our renowned service representatives; simplifying the entire process with market-setting technology solutions—and continually developing new features and options—these are the core competencies that have allowed us to grow a loyal and highly satisfied client base of organizations of every size. Learn more at www.connectyourcare.com.

About ABS Capital Partners

At ABS Capital Partners, we have a simple mission – to invest in the very best late-stage growth companies. Our singular focus has allowed us to cultivate a deep understanding of what it takes to get promising businesses to the next level. Our priority is finding the best growth companies – not completing certain types of transactions or investing specific amounts of dollars. Our flexibility allows us to structure the right deal to support a company’s growth trajectory and particular needs. We actively partner with CEOs to tackle the challenges of rapid expansion and create significant long-term value. Our partners are highly experienced at working with growth companies – each having spent between one and three decades in their industry as C-level executives, investment bankers, consultants or investors. For more information, visitwww.abscapital.com.

About ChampionScott

ChampionScott Partners is a leading, global retained executive search firm. Our specialty is senior leadership appointments in technology and technology-enabled companies, including related growth industries. Our client base encompasses both startups and global 500 companies. From our offices in Asia, Europe and the U.S., our partners recruit board directors, CEOs and senior executive leadership. For more information, visitwww.championscott.com.

By |2020-03-05T13:10:24-05:00April 22nd, 2014|
Disclaimer: ConnectYourCare does not provide tax or legal advice. This information is not intended and should not be taken as tax or legal advice. Any tax or legal information in this notice is merely a summary of ConnectYourCare’s understanding and interpretation of some of the current tax regulations and is not exhaustive. You should consult your tax advisor or legal counsel for advice and information concerning your particular situation before making any decisions.

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