Announced
Completed
Financials
Tags
cloud-based benefits administration
FinTech
Acquisition
Single Bidder
Private
United States
benefits administration
Domestic
Majority
Friendly
Completed
Synopsis
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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