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View More Press Releases by Alegeus

Press Release

Alegeus Appoints Industry Veteran Jim Foreman to its Board of Directors

Issued by Alegeus

Nov. 5, 2018

Waltham, MA -- November 5, 2018 -- Alegeus, the market leader in consumer-directed healthcare (CDH) solutions, today announced it has named Jim Foreman to its Board of Directors, effective immediately. Foreman's appointment reinforces Alegeus' market leadership position and signals an enhanced focus on innovation, growth, and market disruption.

Foreman joins the board as the company gears up for its next phase of growth - having just been acquired by Vista Equity Partners in early September. Alegeus joined the Vista portfolio with strong growth and momentum, having grown its market-leading consumer healthcare funding platform to support more than 350 clients, 225,000 employers, and 30 million consumers.

With more than 30 years of industry experience, Foreman brings unmatched strategic leadership and healthcare industry expertise, as well as a proven track record in managing billion-dollar P&Ls, leading company merger and acquisition strategies, and spearheading company operations in global markets. In addition to his new role with Alegeus, Foreman currently sits on the Board of Directors of ConsumerMedical and Centivo, and he is also a Senior Advisor to The Lightyear Funds and Century Equity Partners. Previously, Foreman served in prominent executive positions at Towers Perrin, now Willis Towers Watson. In addition, he was Executive Vice President and a member of the Executive Committee at Aetna and sat on numerous boards, including the Joffrey Ballet and the Employee Benefits Research Institute.

"We're excited to welcome Jim as a member of our Board of Directors," said Steven Auerbach, Alegeus CEO. "His tremendous track record of driving company growth across multiple organizations and market segments will be instrumental as we continue to unlock the potential of consumer-driven healthcare."

"Jim's vast industry experience will be invaluable as Alegeus looks to aggressively innovate to deliver enhanced value for its customers," said Martin Taylor, Operating Principal at Vista Equity Partners and Director at Alegeus. "With Jim's board membership and the company's already strong performance and momentum, Alegeus will continue to excel as the market leader in consumer directed healthcare."

"As the leader in consumer-directed healthcare, I am confident Alegeus is poised to further revolutionize the industry," said Foreman. "I continue to be impressed with how the company is redefining the traditional approach to healthcare benefits accounts, and I'm excited to join the Board of Directors and executive team to help take it to the next level. As Alegeus prepares for even greater success, I look forward to bringing a new perspective to help the company continue to deliver next-generation technology solutions and education for its current and future customers."

Foreman received his Bachelor of Arts degree in business economics from UCLA and studied international business at the University of Melbourne. He currently resides in Westport, CT.

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