St. Jude Medical Selects Benesyst for Flexible Spending Account and COBRA Administration

September 2007

Renowned medical device innovator and manufacturer St. Jude Medical, assisted by Watson Wyatt Worldwide, has selected Benesyst to administer St. Jude’s FSA and COBRA continuation services. Headquartered in St. Paul, Minnesota, the $3.3 billion medical device company employs approximately 12,000 people worldwide, with products sold in more than 100 countries. St. Jude Medical focuses its talented employees on making life better for cardiac, neurological, and chronic pain patients worldwide through excellence in medical device technology development and services. Naturally, St. Jude Medical is a very discriminating in choosing a partner to serve its employees and HR staff. Benesyst is honored to add St. Jude Medical to its portfolio of biomed and healthcare clients.

About Benesyst
Renowned medical device innovator and manufacturer St. Jude Medical, assisted by Watson Wyatt Worldwide, has selected Benesyst to administer St. Jude’s FSA and COBRA continuation services. Headquartered in St. Paul, Minnesota, the $3.3 billion medical device company employs approximately 12,000 people worldwide, with products sold in more than 100 countries. St. Jude Medical focuses its talented employees on making life better for cardiac, neurological, and chronic pain patients worldwide through excellence in medical device technology development and services. Naturally, St. Jude Medical is a very discriminating in choosing a partner to serve its employees and HR staff. Benesyst is honored to add St. Jude Medical to its portfolio of biomed and healthcare clients.

Benesyst is an established, high technology, high performance benefit administration outsourcer. Benesyst is the creator of BeneSmart™, a state-of-the-art, online enrollment and eligibility management solution that revolutionizes the way systems "think" about and manage benefits. Benesyst is also a "best of breed" Flexible Benefit Account (all types), HIPAA/COBRA/State Continuation and Short-Term Disability Benefit Administrator, offering high-touch, high performance innovative solutions in these traditionally outsourced services. www.benesyst.net.

About St. Jude Medical
Since 1976, St. Jude Medical has been a pioneer in cardiovascular medical technology. Founded as a heart valve manufacturer and now a global leader, St. Jude Medical has broadened its portfolio through internal development and strategic acquisitions. St. Jude Medical is dedicated to making life better for cardiac, neurological and chronic pain patients worldwide through excellence in medical device technology and services. St Jude Medical’s five areas of concentration are cardiac rhythm management, atrial fibrillation, cardiac surgery, cardiology, and neuromodulation.
www.sjm.com .