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news.UnitedHealthcare, a UnitedHealth Group company, has completed the acquisition of substantially all of Fiserv's health-related businesses.
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The transaction includes Fiserv Health, an administrator of medical benefits, Avidyn Health, a care facilitation business and the Fiserv Health Specialty Solutions businesses. Fiserv Health’s pharmacy benefits management business Innoviant is also part of the transaction.
Ken Burdick, president and CEO of UnitedHealthcare, said: “Fiserv Health brings dedicated resources and strong management expertise in serving customers seeking highly customized benefits packages. Their capabilities strengthen our offerings and enhance our flexibility in this important area of business.”
Jeffery Yabuki, president and CEO of Fiserv, said: “UnitedHealthcare was the right partner for these businesses and their customers, and should provide enhanced opportunities for Fiserv Health employees.”