Lightyear Capital To Pay $335M For FIS Health Benefits Biz

Law360, New York (June 25, 2012, 11:56 AM EDT) -- Payment processor Fidelity National Information Services Inc. will unload its health benefits solutions business in a $335 million sale to private equity firm Lightyear Capital LLC to focus more heavily on financial institutions, the processor, known as FIS, said Monday.

The all-cash deal is expected to close sometime during the third quarter, pending regulatory approval. It will hand off the FIS branch that supplies benefits administration, debit cards, and account processing and payment services to consumers, health care providers and policy payers linked to consumer-directed health...
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