Francisco Partners to Acquire bswift from CVS Health

bswift, a top supplier of benefits technology and services, will be acquired by Francisco Partners from CVS Health. Francisco Partners is a renowned international investment firm that specializes in collaborating with technology enterprises.

Bswift, a provider of software and services that streamline the administration of benefits and human resources, was founded in 1996 and provides best-in-class customer support on a cloud-based technological platform. The business combines its extensive knowledge and enthusiasm for technological innovation with great customer service and a particularly client-driven strategy. Bswift assists its partners and employers in streamlining administrative processes, managing employee benefits, lowering administrative expenses, and connecting staff members with the resources they need to reach their health goals. With a single benefits destination for all life events, from hire to retirement, the organisation provides services to millions of employees.

In order to continue offering benefits technology to its staff and clientele, bswift will continue to collaborate with CVS Health and Aetna, a CVS Health subsidiary.