TAMPA, FL - June 20, 2001 - SUN CAPITAL PARTNERS, INC., a Boca Raton-based private investment firm, announced today that one of its affiliates, HealthPlan Holdings, Inc. has acquired HealthPlan Services, Inc, American Benefit Plan Administrators, Inc., Southern Nevada Administrators, Inc. and Montgomery Management Corporation from Plan Vista Corporation (NYSE:PVC).

HealthPlan Services, Inc. is a leading third party administrator focused primarily on the small business and individual marketplace, providing marketing, administration, technology and distribution outsourcing solutions to health care providers, such as insurance companies, preferred provider organizations and health maintenance organizations. Based in Tampa, Florida, the company serves over 100,000 businesses, covering over 1.5 million members in the United States.

American Benefit Plan Administrators, Inc., headquartered in El Monte, California, is one of the nation's largest administrators of employee benefit plans focusing exclusively on providing administrative services for employee benefit plans of unionized workforces.

Montgomery Management Corporation, headquartered in Blue Bell, Pennsylvania, operates as a managing general underwriter that underwrites stop-loss insurance for self-funded employer health plans and distributes its contracts primarily through third party administrators, insurance brokers and employee consultants.

According to M. Steven Liff, Vice President of Sun Capital Partners, Inc., "We are enthusiastic about the acquisition as we will continue to build upon each company's strong franchise value within its market segment. Given the new structure and our financing partnership with Cerberus Capital Management, L.P., HealthPlan Holdings Inc. is well capitalized to ensure the proper investment in the business, both from a growth and technology standpoint."

Jeffery W. Bak, former TPA division President, will assume the position of Chief Executive Officer of HealthPlan Holdings, Inc. Bak and other key members of management will participate as investors.

"This transaction is an exciting opportunity for our company to refocus in our respective niche markets and build upon our market leadership position. The added investment allows us to enhance our strong technology platform as well as continuing to fund critical short term expenses such as becoming HIPAA compliant, improving our levels of Auto Adjudication and web enabling more transactions for our clients, agents, and insureds. Moreover, we'll be contracting with new clients to expand our existing product portfolio while at the same time improving our service and technology platforms," said Bak.

SUN CAPITAL PARTNERS is a leading private investment firm focused on leveraged buyouts. The Firm has successfully invested in more than 20 companies during the past several years with combined sales in excess of $1.5 billion. The firm is investing in HealthPlan Holdings, Inc. through Sun Capital Partners II, L.P., a $200 million private equity investment fund.