M&A Deal Summary

Fiserv s Health Business Acquires Innovative Cost Solutions

On October 18, 2006, Fiserv s Health Business acquired insurance company Innovative Cost Solutions

Acquisition Highlights
  • This is Fiserv s Health Business’ 1st transaction in the Insurance sector.
  • This is Fiserv s Health Business’ 1st transaction in the United States.
  • This is Fiserv s Health Business’ 1st transaction in Illinois.

M&A Deal Summary

Date 2006-10-18
Target Innovative Cost Solutions
Sector Insurance
Buyer(s) Fiserv s Health Business
Deal Type Add-on Acquisition

Target

Innovative Cost Solutions

Chicago, Illinois, United States
Innovative Cost Solutions (ICS), a claim resolution company that negotiates health care claims, specifically from non-network providers.

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Buyer(S) 1

Buyer

Fiserv s Health Business

United States

Category Company
Sector Healthcare Services
DESCRIPTION

Fiserv's Health Businesses consist of Fiserv Health Plan Administration, a Third Party Administrator (TPA) of self-funded health plans; Fiserv Health Plan Management, an outsourcing service for mid-sized health plans and health care payer organizations; Innoviant, a prescription benefits administrator; Innoviant Pharmacy, a prescription mail-order service; Avidyn Health, a care management company; and four other components of Fiserv Health's ancillary businesses.


DEAL STATS #
Overall 1 of 1
Sector: Insurance M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Illinois M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2006 M&A 1 of 1