Oak Investment Is Selling PayFlex for $202 Mln
Oak Investment Partners is set to exit PayFlex Holdings after five years. Yesterday, Aetna announced it was buying PayFlex, an Omaha provider of web-based benefit administration services, for about $202 million. The deal is expected to close during the second half of this year. Aetna will buy PayFlex using available resources, a spokesman says. The transaction will be neutral to Aetna's financial results, according to a statement.
19 July 2011•2 mins read
