According to an April 8 statement, the deal will increase HealthEquity’s health savings account membership by 550,000, which will bring the company’s membership total to 6.3 million.
Utah-based HealthEquity expects the acquisition to generate $60 million in revenue on an annual run-rate basis as well as an additional $15 million in efficiencies on an annualized basis within three years, according to the statement.
The deal is expected to close by September, pending regulatory approvals.
More articles on payers:
UnitedHealthcare gets new CEO
BCBS of Minnesota’s operating margin less than 1% in 2020
How many Medicare Advantage lives 15 payers added in 2021
Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit
