Louisville, Ky. (March 7, 2006) SHPS, a leading provider of healthcare consumerism solutions, announced today that its board of directors has appointed Rishabh Mehrotra, SHPS former president, human resource solutions and chief technology officer, the companys new president. Mehrotra, who has more than 18 years experience in the healthcare and technology industries, replaces Dave Nelson, who announced his retirement from the company last month.

In his three years at SHPS, Rishabh Mehrotra has demonstrated exceptional leadership abilities, having grown SHPS human resource solutions division into a high-performing, industry-leading organization. He has distinguished himself through driving operational excellence, client satisfaction and retention, as well as new business development, said Paul Queally, chairman of SHPS board of directors and general partner, Welsh, Carson, Anderson & Stowe. I have full confidence in Rishabh and his ability to develop SHPS into a world-class organization that can fully capitalize on its strengths in the healthcare marketplace.

Mehrotra serves as a leading proponent of healthcare consumerism and was instrumental in driving the transformation of SHPS into a world-class provider of integrated, consumer-driven healthcare solutions.

There is no doubt this is an exciting time to be working in the healthcare field, and I am truly honored to lead the SHPS organization as we continue to build out our framework for healthcare consumerism, said Mehrotra. Over the past three years, SHPS has built the products, technology and processes needed to successfully empower individuals to be wise consumers of healthcare and lead healthier lives.

With its unique combination of spending account programs, care management services and member support tools, SHPS is well-positioned to serve the needs of the evolving marketplace. I look forward to working with SHPS associates, clients, strategic partners and investors to continue to expand our service offering and drive innovation.

About Rishabh Mehrotra
Prior to joining SHPS, Mehrotra was president and CEO of Abilizer Solutions, Inc, a premier provider of human resource portals and presentation server infrastructure. In addition, he served several years at leading strategy consulting firm, McKinsey & Co., where he helped senior executives design and implement growth, acquisition, and turnaround strategies. Rishabh is a graduate of Tufts University and holds a Master of Business Administration from Harvard Business School. Mehrotra resides in Louisville, Ky. with his wife, Lopa, and two daughters, Ariana and Ayala.

About SHPS | Carewise Health
SHPS is a leading, independent provider of integrated health solutions that improve personal health and reduce spending. By integrating traditional health management and benefits administration services, SHPS delivers people-centric solutions that empower individuals to make wise healthcare choices. It serves large and mid-sized employers, government agencies, and third-party administrators through the company’s Carewise Health, Landacorp, and SHPS brands. Visit www.carewisehealth.com.

For More Information
LeAnn Ross
Director of Marketing
leann.ross@shps.com

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