Fiserv Expands Into Employee BenefitsAdministrations Market

April 16, 2003, 1:00 a.m. EDT 1 Min Read

BROOKFIELD, Wis. - (04/16/03) -- Fiserv Inc. said Tuesday it hasagreed to acquire Wausau Benefits, a third-party employee benefitsadministrator, and created a new business group to capitalize onthe continuing growth in the employee health plan administrationbusiness. The Fiserv Health Solutions Group will coordinate thecompany's operations in the area, created by five separateacquisitions since 2001, including the Wausau deal. As a result,Fiserv has five national brands for health administration: BenefitPlanners, Benesight, Fiserv Health, Harrington Benefit Services,and Wausau Benefits. The units offer health plan management,pharmacy benefits management, and business process outsourcingservices.

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