Private-equity firm Lightyear Capital, New York, completed its acquisition of the healthcare payment processing and benefit administration services of FIS, a financial services technology company based in Jacksonville, Fla.
Lightyear closes on FIS benefits buy
The all-cash $335 million deal was first announced in late June.
Lightyear Capital said in a news release it would operate its newly acquired healthcare financial services business as Alegeus Technologies. Lightyear said Thomas Torre would be Alegeus' CEO.
For FIS, the sale “is consistent with its primary focus to serve financial institutions and to maintain leadership positions in market where the company has meaningful scale,” the company said in a news release.
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