The acquirer has rebranded the company as Alegeus Technologies, which is a pioneer in benefits administration and payment processing for consumer directed healthcare accounts, Lightyear added.
The company will be managed by two key executives including Robert Natt as Alegeus’ full time executive chairman, while Thomas Torre will act as its chief executive officer.
Lightyear Capital chairman Donald Marron said, "There is tremendous opportunity to grow and expand this business, and we look forward to working closely with Bob Natt, Tom Torre and the rest of the Alegeus team to invest in the talent and technology which will extend its leadership in consumer directed healthcare."
Bob Natt said, "They have great insights into our business and are committed to helping us grow as an independent company and expand our business in healthcare benefit and payment processing to accommodate market trends."
Headquartered in Waltham, Massachusetts, Alegeus’ payment output solutions provide seamless flow of funds and information among patients, payers and providers.
