Louisville, Ky. (March 5, 2004) - SHPS Holdings, Inc., the majority shareholder in SHPS, Inc., an integrated health management and benefit service provider headquartered in Louisville, Ky., announced today that it completed the acquisition of National Health Services, Inc. (NHS), a Louisville-based provider of care management services.

In the deal, which was announced last week, SHPS Holdings purchased NHS from BCE Emergis, Inc., a North American eBusiness company headquartered in Montreal, Quebec.

"We are very pleased that the NHS acquisition is complete and we can officially welcome NHS employees and clients to the SHPS team," said Dave Nelson, President and CEO of SHPS. "This is an exciting time for us, as we continue to advance SHPS' position as the market leader in medical management."

About SHPS Holdings, Inc. and SHPS, Inc.
SHPS, Inc., is a wholly owned subsidiary of SHPS Holdings, Inc. and is headquartered in Louisville, KY. SHPS is a total benefits outsourcing provider, offering strategic consulting, human resource and benefits outsourcing, and health management services to employers, health plans and government agencies seeking to improve their performance and lower the cost of administrative services. SHPS serves nearly 700 organizations, including more than 90 Fortune 500 companies and employs more than 1,500 clinical professionals, employee benefits specialists, and information technology experts in facilities across the United States.

For More Information
Sarah Bovine
Director, Corporate Communications
sarah.bovine@shps.com

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