| ARCAPITA ANNOUNCES SALE OF WORKING RX TO FISERV INC.
ATLANTA (September 12, 2007) - Arcapita Inc., a leading private equity investment firm based in Atlanta, announced today that Fiserv Inc. (NASDAQ: FISV),has acquired Working Rx Holding Company from affiliates of Arcapita.. Working Rx delivers products and services nationwide to help pharmacies reduce the administrative time spent on processing workers' compensation claims. Terms of the transaction were not disclosed.
Working Rx, formerly part of Medifax-EDI Inc, was retained by affiliates of Arcapita when Medifax-EDI was acquired by WebMD (now Emdeon - NASDAQ: HLTH) in 2003. Since then, Arcapita has worked closely with the Working Rx management team to build this niche business, which is the 2nd largest provider in this sector.
Charles H. Ogburn, Global Head of Corporate Investment for Arcapita, said, "We are pleased to announce this sale of Working Rx to Fiserv, marking the eighth successful exit from Arcapita's U.S. corporate portfolio to date. Working Rx complements Fiserv's existing family of companies and will undoubtedly continue to expand capabilities in the workers' compensation sector."
Joseph Hensley, president, Fiserv Workers' Comp Division said, "This is an exciting opportunity to expand our transaction processing solutions for pharmacies. We look forward to serving Working Rx's pharmacy clients with continued high quality service and an expanding set of technology and process solutions."
About Arcapita
Arcapita is a global investment group with offices in Atlanta, Bahrain, London and Singapore, through which it sources investments for its corporate (private equity), real estate, asset based and venture capital lines of business. Arcapita's corporate investment line of business was founded in 1997 and operates out of Atlanta, London and Bahrain. To date, Arcapita has completed 60 transactions with a total value of more than $19 billion. More information on Arcapita is available online at www.arcapita.com.
About Working Rx Holding Company
Based in Salt Lake City, Utah, Working Rx offers products and services to take the "Work" out of Workers' Compensation Pharmacy Claim Processing. The company helps pharmacies reduce the administrative time spent on workers' compensation claims, improve their customer service efficiency and reduce their back office processing. The solutions give pharmacists the tools they need to offer unparalleled service to their customers, efficiently process claims, and capture new business. By offering both indemnity and non-indemnity programs, Working Rx provides the flexibility necessary to fit the needs of both independent and chain pharmacies.
About Fiserv, Inc.
Fiserv, Inc. (NASDAQ: FISV), a Fortune 500 company, provides information management systems and services to the financial and insurance industries. Leading services include transaction processing, outsourcing, business process outsourcing (BPO), software and systems solutions. The company serves
more than 18,000 clients worldwide and is the leading provider of core processing solutions for U.S. banks, credit unions and thrifts. Fiserv was ranked the largest provider of information technology services to the financial services industry worldwide in the 2004, 2005 and 2006 FinTech 100 surveys. Headquartered in Brookfield, Wis., Fiserv reported more than $4.4 billion in total revenue for 2006. For more information, please visit www.fiserv.com.
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