Aetna enters contract to obtain account-based health plan administrator.


The company has 423 employees approximately. ‘We all have been excited to join the Aetna team,’ said Robert L. Natt, ceo of PayFlex. ‘We firmly believe our proprietary HealthHub technology platform will be a great addition to the Aetna portfolio of items and will create unique market advantages for our existing and upcoming potential customers.’ PayFlex’s administration team and employee foundation are an important area of the company’s current success in the marketplace and will remain with the company going forward. Aetna expects to combine PayFlex and its existing CFS business right into a single unit with around 2 million accounts. The combination of these businesses will allow PayFlex to continue to market its items on a standalone basis aswell as on an integrated basis with Aetna items.Net product and providers revenue from our health and wellness Info Solutions segment was $134.2 million in the third quarter of 2013, compared to $135.1 million in the third quarter of 2012 and $134.8 million in the second quarter of 2013. Contained in interest and additional income , net is usually a provision of $5.0 million to reflect an estimate of the settlement or litigation costs which we may incur associated with an ongoing dispute with a person in our U.S. Toxicology business. The Organization's GAAP outcomes for the third one fourth of 2013 exclude $0.5 million of revenue connected with acquired software permit contracts that are not recognized due to business combination accounting rules and include amortization of $82.4 million, $7.8 million of restructuring charges, $5.7 million of stock-based compensation expense, $0.5 million of acquisition-related costs recorded in accordance with ASC 805, Business Combos, $2.7 million of expense recorded for fair value adjustments to acquisition-related contingent consideration, $0.4 million of interest expense recorded regarding the fees payed for certain debt modifications, $0.8 million in compensation charges and $0.1 million of related interest accretion associated with acquisition-related contingent consideration obligations, a $0.7 million charge associated with the write-up to fair market value of inventory obtained regarding the the acquisition of Epocal Inc., $5.5 million of costs from the proxy contest, a $5.9 million loss linked to the disposition of our Spinreact, S.A.