Wex completed the acquisition of health and benefits unit from Ascensus for $180m.

Wex, a global commerce platform, completed the acquisition of health and benefits unit from Ascensus, a provider of employee health benefit accounts with a diversified portfolio of benefit accounts including HSAs, FSAs, and others, for $180m. “The Company expects this acquisition to expand WEX’s current footprint in the Benefits segment, while also enhancing and expanding Affordable Care Act compliance and verification capabilities,” Wex.