Fiserv Agrees To Acquire Wausau Benefits

Wausau Benefits has about 1,100 employees and operations in Tampa, Fla., and Des Moines, Iowa, as well as Wausau.

Fiserv is best known for selling data services and business services to financial services companies. But the Wausau Benefits deal is the fifth benefits administration acquisition that Fiserv has announced in the past two years. Fiserv has renamed its Fiserv Health unit the Fiserv Health Solutions Group in an effort to emphasize the growing importance of benefits administration to its operations.

James Cox, the president of the Fiserv Health unit, will be president of Fiserv Health Solutions Group.

Fiserv can now handle pharmacy benefits management, claims repricing, utilization review and case management as well as basic health plan management, the company says.