Announced
Completed
Financials
Sources
Tags
Private
Acquisition
Business Process Outsourcing
employee benefits solutions
United States
Single Bidder
Majority
Friendly
Completed
Synopsis
WEX, a financial technology service provider, completed the acquisition of Discovery Benefits, a high-growth employee benefits administrator to more than 1m consumers across all 50 states. “This combination strengthens our overall value proposition through new partnerships, integrated products, and the opportunity to offer a more comprehensive set of solutions. We are excited to extend our reach into the rapidly-growing employee benefits market and look forward to building on our track record of success in the healthcare space.” Melissa Smith, WEX CEO.
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