Health insurer Aetna will double the size of its business of administering consumer health care accounts with a $202 million acquisition of PayFlex Holdings, which does business as PayFlex Systems.
Omaha, Neb.-based PayFlex sells the HealthHub Web portals to enable consumers to access and manage health savings accounts, flexible spending accounts or health reimbursement arrangements. The company, with 423 employees, also offers applications to access the information via mobile computing devices.
