WageWorks (WAGE) Acquires Outsourced Benefits Provider Benefit Concepts
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WageWorks, Inc. (NYSE: WAGE) has acquired Benefit Concepts, Inc., a leading provider of outsourced benefit solutions, based in East Providence, RI. This transaction further strengthens WageWorks' position in the Consumer-Directed Benefits market.
Benefit Concepts serves the needs of hundreds of mid-sized and large employers by providing their employees and families with a range of Consumer-Directed Benefits, including health care, such as Flexible Spending Accounts (FSAs) and Health Reimbursement Arrangements (HRAs), COBRA benefits continuation, and active benefits enrollment, designed to make access to healthcare easier and more affordable.
Benefit Concepts will continue to service its customers out of its Rhode Island offices, supported by additional capabilities, products and technologies provided by WageWorks. The company will now operate as "Benefit Concepts, Inc., a division of WageWorks, Inc.".
Benefit Concepts serves the needs of hundreds of mid-sized and large employers by providing their employees and families with a range of Consumer-Directed Benefits, including health care, such as Flexible Spending Accounts (FSAs) and Health Reimbursement Arrangements (HRAs), COBRA benefits continuation, and active benefits enrollment, designed to make access to healthcare easier and more affordable.
Benefit Concepts will continue to service its customers out of its Rhode Island offices, supported by additional capabilities, products and technologies provided by WageWorks. The company will now operate as "Benefit Concepts, Inc., a division of WageWorks, Inc.".
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