NU Online News Service, Aug. 27, 2004, 11:32 a.m. EDT
Fiserv Inc., Brookfield, Wis., has acquired Pharmacy Fulfillment Inc., Huntingdon Valley, Pa.[@@]
Fiserv has a unit, Fiserv Health, that helps employers administer self-funded health plans, and Pharmacy Fulfillment runs mail-order prescription programs.
The price of the deal is not available, but Fiserv says Pharmacy Fulfillment generates about $10 million in annual revenue.
Fiserv says it expects to hire Joseph McCann, the president of Pharmacy Fulfillment, and other Pharmacy Fulfillment employees.