Draper-based HealthEquity Inc., a healthcare technology company specializing in health savings account and consumer-directed benefits administration, has acquired Secaucus, New Jersey-based BenefitWallet HSA from its parent company, Conduent Business Services of Florham Park, New Jersey.
“We are thrilled to welcome BenefitWallet clients and members as partners on our mission to save and improve lives by empowering healthcare consumers,” said HealthEquity CEO Jon Kessler. “We are committed to leading the health savings space by delivering remarkable service, deepening partnerships and driving outcomes that matter to them.”
HealthEquity will assume more than 616,000 BenefitWallet members with approximately $2.7 billion in HSA assets, of which approximately 34 percent are HSA investments.
“With the addition of the BenefitWallet members, we now serve more than 9 million HSA members and more than 16 million total accounts,” said James Lucania, HealthEquity executive vice president and CFO. “Our members benefit from the investments we’ve made in the cloud, data analytics, automation and the connectivity we deliver to our clients and partners across the health benefits ecosystem.”