Wells Fargo TPA Acquires J. Smith Lanier & Co.

October 24, 2007

Wells Fargo Third Party Administrators Inc., a subsidiary of Wells Fargo & Co., has acquired JSL Administrators, with offices in Newnan, Georgia and Fayetteville, N.C. The acquisition closed Oct. 1, 2007, and terms of the transaction were not disclosed.

JSL Administrators (JSLA) is a wholly owned subsidiary of J. Smith Lanier & Co., and was incorporated by J. Smith Lanier & Co. in 1997. JSLA administers medical, dental, and FSA claims for self-insured customers with 100 to 3,000 employees. The TPA’s professional staff will continue serving customers from the same locations at 47 Postal Parkway, Newnan, GA 30263 and 201 Hay Street Suite 302, Fayetteville, NC 28301.

JSLA is a TPA which provides administrative services including claims processing, cost management services, and reporting to customers, as well as membership and eligibility maintenance, plan document preparation, and benefit plan consultation.

Wells Fargo Insurance Services, formerly Acordia, Inc., is the a large insurance brokerage with more than 150 offices in 38 states.

Source: Wells Fargo

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