M&A Deal Summary |
|
|---|---|
| Date | 2021-02-11 |
| Target | HealthcareBank - HSA Assets |
| Sector | Financial Services |
| Buyer(s) | WEX |
| Sellers(s) | HealthcareBank |
| Deal Type | Divestiture |
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| Category | Company |
|---|---|
| Founded | 1983 |
| Sector | Information Technology |
| Employees | 5,300 |
| Revenue | 2.5B USD (2023) |
WEX is a global provider of payment processing and information management services. The Company primarily focuses on simplifying the complexities of payment systems across a wide range of sectors, including fleet, travel and healthcare. For the fleet industry, WEX offers fuel cards and vehicle maintenance solutions to help companies manage their fleets more efficiently. In the travel sector, WEX provides virtual payment solutions that enable travel agencies, corporate travel departments, and online travel providers to automate and manage payments to suppliers. For healthcare, WEX offers healthcare payment products and services that facilitate payments and transactions between patients, providers, and payers. WEX was formed in 1983 and is based in Portland, Maine.
| DEAL STATS | # |
|---|---|
| Overall | 17 of 19 |
| Sector (Financial Services) | 3 of 3 |
| Type (Divestiture) | 4 of 4 |
| State (North Dakota) | 2 of 2 |
| Country (United States) | 10 of 12 |
| Year (2021) | 1 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-01-24 |
eNett International Pte.
Singapore eNett International (Singapore) Pte. Ltd. is a provider of B2B payment solutions to the travel industry. eNett International was founded in 1999 and is based in Singapore. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-04-14 |
benefitexpress
Schaumburg, Illinois, United States benefitexpress is a cloud-based platform for employee benefits and health exchange services. benefitexpress is based in Schaumburg, Illinois. |
Buy | $275M |
HealthcareBank is a financial institution that manages deposits and investments for consumer-driven healthcare accounts. HealthcareBank’s benefit banking solutions are unique from national competitors, as they serve to leverage the strengths of the administrator while HealthcareBank remains a silent partner, supporting your HSA custodial needs. HealthcareBank is based in Fargo, North Dakota.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 1 |
| Sector (Financial Services) | 1 of 1 |
| Type (Divestiture) | 1 of 1 |
| State (North Dakota) | 1 of 1 |
| Country (United States) | 1 of 1 |
| Year (2021) | 1 of 1 |
