Biography Mike Dendy

Mike Dendy is the former Chairman and CEO of HPS Paradigm Administrators Inc., a 28-year-old healthcare administrative services firm serving corporate and government clients throughout the country. Under Mike’s direction, HPS Paradigm grew from a $750,000 revenue company in 1996 to a $7,200,000 company in fiscal 2003. <b>Gross sales grew from $9mm to over $100mm during that same period.</b> HPS Paradigm is recognized by multiple sources as one of the premier third party administrators (TPA) in the country. Within the last five years, HPS Paradigm has been awarded the coveted SAS-70 accreditation, which is held by less than 12% of all TPAs in the country, and “World Class Administrator” recognition by the McLellan Consulting Company.

HPS Paradigm was purchased by STI Knowledge, Inc. in March of 2004. STI Knowledge is a business process outsourcing (BPO) company serving Fortune 500 clients including Alcoa, E-Trade, Polo-Ralph Lauren, Citrix and Beazer Homes.

Mike managed the negotiations and diligence process for HPS Paradigm’s buyout / merger and led the transition team after the merger was completed. Mike served as Executive Vice President of STI Knowledge and was responsible for the development and growth of the company’s healthcare business unit for six months after the merger. Since March, Mike has developed the business plan for STI’s healthcare strategy, has personally executed the first five major deals in the healthcare space providing over $10 million in new revenue to STI and has recruited and managed a national sales force.

Prior to the purchase of Paradigm Administrators in 1997, Mike founded Health Partners Services Inc. (HPS), a consulting and healthcare brokerage firm. From 1992-1997, HPS developed community health system plans in a number of southeastern U. S. markets and grew consulting revenues to $600,000 annually. Mike’s specific areas of specialty include: stop loss insurance, benefit plan design, provider negotiations, pharmacy benefit management, disease management, and predictive analysis.

Previously, Mike served as Vice-President/Publisher of Whittle Communications / Esquire Magazine Group from 1984-1992. Mike became the youngest partner in the history of Whittle Communications and held a number of positions including Regional Accounts Manager, Director of Regional Account Sales, National Director of Sales for Esquire Properties and Whittle Medical Publications, and Vice President / Publisher of Whittles’ $40 million multi-publishing and broadcast media unit <u>Special Reports</u>, which was heralded as the most successful new business launch in media history at the time. Mike developed and assisted in developing a number of new media properties and distribution channels for in-force properties while at Whittle. During his term, Mike was awarded the honor <u>Best of Whittle Communications,</u> an achievement recognition provided to less than 2% of the workforce, and was recognized for never missing a revenue or profitability target during his nine-year tenure.

Prior to his work at <u>Whittle Communications</u>, Mike served as a marketing and brands manager in the beverage industry for both an <u>Anheuser-Busch </u>Distributor and <u>Coca-Cola</u> bottler. During time at Anheuser-Busch, Mike developed the largest college marketing task force in the nation and, at the age of 22, was featured on the cover of Anheuser-Busch’s national magazine for his creative marketing and sales programs one of which A-B turned into a national media campaign.

Mike’s educational background includes an undergraduate degree from the <u>University of Georgia (UGA)</u> in <b>Journalism and Psychology</b>. While at UGA, Mike served on the Student Government Board as Minister to Athletics, was advertising director of the <u>Red &amp; Black</u> student newspaper, and served as an officer in the fraternity Phi Gamma Delta. Mike achieved a 3.95 grade point average (out of a possible 4.0) in Journalism and Psychology classes.

Dendy Biography, page 2 of 2

Mike attained a <b>Masters in Business Administration </b>(MBA) from <u>Georgia State University </u> in 1997, and a <b>Masters in Health Administration </b>(MHA), also from Georgia State University in 2002. Both of Georgia State’s graduate programs are nationally ranked. Within the MHA program, Mike attained a perfect 4.0 grade point average. Mike attained both the MBA and MHA degrees while working full time by attending classes at night and on weekends.

Additional education includes executive management programs at <u>Harvard</u><u> Business School</u> (1999), <u>Harvard School of Public Health</u> (2001), and <u>Harvard</u><u> Law School</u> (2001).

Mike is a charter member of the Georgia State University College of Business Administration Entrepreneurial Round Table, and is also a member of the Atlanta Athletic Club, the Society of Professional Benefits Administrators (SPBA), the Self Insurance Institute of America (SIIA), the American Benefits Council, and the American College of Healthcare Executives.

Mike serves as a consultant to the <u>Georgia Agribusiness Council</u> on rural healthcare issues, is an advisory board member of <u>Pacific Life Insurance Company</u>, and an Advisory Board Member for the Robinson College of Business Administration at Georgia State University.

Mike Dendy

5060 Riverview Road NW

Atlanta, GA. 30327


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