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Webster Closes Ametros Acquisition

TAKEN PRIVATEJan 24, 2024

Acquiring Company

Webster Financial Corporation

Acquired Company

Ametros Financial

StamfordWilmingtonFinancial ServicesFinanceFintechLendingBankingInsurance

Description

Webster Financial Corporation (NYSE: WBS) has completed the acquisition of Ametros Financial Corp, the nation’s largest professional administrator of medical insurance claim settlements. Ametros will continue to operate under its existing brands, CareGuard and Ametros, and serve its members via existing practices.

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Company Information

Company

Webster Financial Corporation

Location

Stamford, Connecticut, United States

About

Webster Financial Corporation (NYSE:WBS) is the holding company for Webster Bank, N.A. and its HSA Bank division. Webster is a leading commercial bank in the Northeast that provides a wide range of digital and traditional financial solutions across three differentiated lines of business including: Commercial Banking, Consumer Banking and its HSA Bank division. It is a values-driven organization with more than $70 billion in assets and its core footprint spans the northeastern U.S. from New York to Massachusetts, with certain businesses operating in extended geographies.

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Frequently asked

Who acquired Ametros Financial?

Ametros Financial was acquired by Webster Financial Corporation, based in Stamford. The deal was reported on January 24, 2024. Webster Financial Corporation (NYSE:WBS) is the holding company for Webster Bank, N.A. and its HSA Bank division. Webster Financial Corporation is privately held and operates in Financial Services.

When did Webster Financial Corporation acquire Ametros Financial?

Webster Financial Corporation's acquisition of Ametros Financial was reported on January 24, 2024. Webster Financial Corporation (NYSE: WBS) has completed the acquisition of Ametros Financial Corp, the nation’s largest professional administrator of medical insurance claim settlements. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Ametros Financial do?

Ametros is the industry leader in post-settlement medical administration and a trusted partner for thousands of members receiving funds from workers’ compensation and liability settlements. It is privately held, operating in Insurance, and is based in Wilmington.

This company was part of an acquisition. Fundz tracks who bought whom, and who to call on both sides.

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