Insurer buyouts continue...earlier publications indicate there will be more on the agenda in the upcoming year. BD
Fiserv Inc. is selling nearly all of its health care business to UnitedHealthcare in a deal worth $775 million, the company said Friday. The cash transaction includes Fiserv Health Plan Administration, the country's largest third party self-funded health plan administrator, Fiserv Health Plan Management, an outsourcing service, and Innoviant, a prescription benefits administrator. The deal is expected to close either by the end of this year or in 2008's first quarter, pending regulatory approvals.
Fiserv selling health care business to UnitedHealth - The Business Journal of Milwaukee:
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