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New Deal


Announced

Completed

WEX completed the acquisition of benefitexpress.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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cloud-based benefits administration

FinTech

Acquisition

Single Bidder

Private

United States

benefits administration

Domestic

Majority

Friendly

Completed

Synopsis

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WEX, a financial technology service provider, completed the acquisition of benefitexpress, a provider of highly configurable, cloud-based benefits administration technologies and services. Financial terms were not disclosed. “The acquisition of benefitexpress accelerates our strategic vision of offering a complete healthcare ecosystem with a highly complementary benefits administration platform at its core,” Robert Deshaies, WEX Health division President.

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