An affiliate of Lightyear Fund III has completed its acquisition of the Healthcare Benefit Solutions business from FIS.
Lightyear previously announced the signing of a definitive agreement to acquire the business on 25 June 2012.
The new company has been renamed and will operate as Alegeus Technologies. Alegeus is provides benefits administration and payment processing for consumer directed healthcare accounts.
Robert Natt will be Alegeus’ full time executive chairman and Thomas Torre will be its chief executive officer.
“There is tremendous opportunity to grow and expand this business, and we look forward to working closely with Bob Natt, Tom Torre and the rest of the Alegeus team to invest in the talent and technology which will extend its leadership in consumer directed healthcare,” says Donald B. Marron (pictured), chairman of Lightyear.
“Lightyear is the perfect partner for Alegeus,” says Natt. “They have great insights into our business and are committed to helping us grow as an independent company and expand our business in healthcare benefit and payment processing to accommodate market trends.”
