HQY Acquires WAGE

HealthEquity, Inc. HQY recently completed the previously-announced acquisition of WageWorks for a deal value of $2 billion. Additionally, the company announced an $80-$100 million investment. With the WageWorks customer care, HealthEquity expects to expand its digital and live member engagement capabilities, simplify administration for employers and strengthen data security and privacy protections across all of its new consumer-directed benefits (CDBs) offerings. Notably, HealthEquity expects to complete its investment program within 24-36 months from now.


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