Healthequity (HQY) just unveiled an announcement.
HealthEquity has successfully acquired a portion of Conduent Business Services’ health savings account portfolio, marking the first of three asset transfers. This initial transfer included around 266,000 HSAs and $1.1 billion in assets, with HealthEquity paying $163.9 million from its cash reserves for the transaction. This strategic move promises to bolster HealthEquity’s position in the HSA market space.
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