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Metavante expands healthcare payments division

Milwaukee, Wis. — Now that Metavante Corporation has completed its acquisition of AdminniSource, a healthcare payments distribution firm, the company says it is expanding its Healthcare Payments Solutions division and hiring a new president.

John Reynolds, who previously served as senior vice president and business director for health benefits services at Wells Fargo Institutional Trust Service, will become president of the Metavante division.

AdminiSource serves insurance carriers and healthcare organizations. Metavante announced the acquisition in January – its third in healthcare payments recently. Though it continues to operate under its own name, Metavante uses Healthcare Payment Solutions as an aegis for a portfolio of payment services, including AdminiSource and previous acquisitions Printing for Systems and MBI Benefits.

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