Wells Fargo Insurance Services Inc., the insurance brokerage subsidiary of San Francisco-based Wells Fargo & Company, said it has acquired Carmel, Ind.-based American Med-Scan Inc. Financial terms were not released.

According to a Wells Fargo spokesman, Fred Day and a partner founded American Med-Scan in 1986. Mr. Day bought his partner out in 1997 and expanded the agency at that time. The agency consists of a total of five employees.

The agency is an employee benefits consulting firm that specializes in small group medical insurance programs (less than 50 lives), life and disability, retirement plans, and other areas of benefits planning and consulting.

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