Healthequity (HQY) has shared an update.
HealthEquity has successfully completed the second phase of its acquisition of Conduent’s health savings account portfolio on April 11, 2024, adding roughly 134,000 accounts and $555 million in assets to its management. The transaction cost HealthEquity $84.9 million, which was financed through a combination of $50 million in credit borrowings and the company’s available cash reserves.
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