Fiserv Inc. says it has acquired Administrative Services Group Inc., Louisville, Ky., an employee benefits plan administrator.[@@]
Fiserv, Brookfield, Wis., will not disclose the purchase price, but it says it is paying for Administrative Services with cash.
Administrative Services sells services to self-funded benefit plans under the name Commonwealth Administrators L.L.C. to employers in Kentucky and Indiana.
The firm also sells consulting services and runs union health plans.
Fiserv has no plans to lay off any Administrative Services employees as a result of the acquisition, a Fiserv spokesman says.