TAMPA, FL - March 17, 2003 - HealthPlan Holdings, Inc., (HPHI) a Tampa-based business process outsourcing company for the benefits industry, announced today that it has acquired Administrative Services, Inc., (ASI), a Miami, Florida-based third party administrator servicing Taft-Hartley, state governments and large employers.

Founded in 1956, ASI provides claim processing, pension processing, call center management, contribution accounting, case management and consulting services to over 60 accounts and over 250,000 members. ASI has 130 employees at offices in Atlanta, Tampa, Daytona, Orlando and Miami.

Jeff Bak, CEO of HealthPlan Holdings, said "ASI's strong client base and strengths in new client development are ideal for our growing Taft Hartley and government services division at HealthPlan Holdings. The acquisition supports our strategic commitment of being the leading administrator in this market. We believe the ASI acquisition will enable us to leverage its technology, claim and contribution accounting platforms."

Bill Grossman, CEO of ASI, added "With HealthPlan's commitment to technology, the efficiency of their operation and their understanding and appreciation of our client relationships, we believed they were the right long-term partner for ASI to grow its core business and service the needs of each of our clients."

About HealthPlan Holdings
HealthPlan Holdings, Inc. is a business process outsourcing company providing services for employee benefits plans including distribution, underwriting, administrative services (billing, claims and call centers) and technology solutions for insurance companies, HMO's, unionized workforces, associations, individuals, small businesses and larger employers. The subsidiaries of HPH include HealthPlan Services Inc. in Tampa, FL, American Benefit Plan Administrators (ABPA) in El Monte, CA and Montgomery Management in Blue Bell, PA. www.healthplan.com
Contact: HealthPlan Holdings, Inc., Jeff W. Bak (813) 289-1000, extension 2037.

HealthPlan Holdings is a private company owned by management and Sun Capital Partners, Inc.

About Sun Capital Partners, Inc.
Sun Capital Partners, Inc. is a leading private investment firm focused on leveraged buyouts of market leading companies that can benefit from its in-house operating professionals and experience. Sun Capital has invested in more than 40 companies since its inception in 1995 with combined sales of approximately $4.0 billion. For more information about Sun Capital Partners, visit www.suncappart.com
Contact: Sun Capital Partners, Inc., M. Steven Liff, Rodger R. Krouse or Marc J. Leder (561) 394-0550.