WEX to Acquire Discovery Benefits
January 17, 2019
From John Biwer, President, Discovery Benefits
Today, after much discussion and planning, WEX announced plans to acquire Discovery Benefits. Since Discovery Benefits has utilized WEX Health’s technology since 2005, this strategic move will result in virtually no disruption for those we serve. Our shared commitment to simplify the business of healthcare makes this partnership of service and technology a well-suited fit.
Having served our clients for over 30 years, we look forward to the possibilities this new opportunity will afford us. Our roots with Bell Bank will remain, as they will continue to be a minority shareholder in the combined business of WEX’s Health division and Discovery Benefits via a newly formed subsidiary of WEX.
As always, we remain grateful to those we serve and partner with for their continued support in our business as we maintain sight of our mission to transform the complexity of employee benefits administration. Additional information can be found in WEX’s press release here.