Webster Financial (WBS) to Acquire Ametros
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Webster Signs Definitive Agreement to Acquire Ametros
December 14, 2023 4:30 PM ESTSTAMFORD, Conn.--(BUSINESS WIRE)-- Webster Financial Corporation (NYSE: WBS) today announced that its principal bank subsidiary Webster Bank, N.A. ("Webster") has signed a definitive agreement to acquire Ametros Financial Corp (Ametros), a custodian and administrator of medical funds from insurance claim settlements, from funds managed by Long Ridge Equity Partners (Long Ridge).
Ametros, the nations largest professional administrator of medical insurance claim settlements, helps individuals manage their ongoing medical care through their CareGuard service and proprietary technology platform. CareGuard provides settlement advisory support, saves its members money on medical expenses, ensures... More
