M&A Deal Summary

HealthEquity Acquires Further

On April 8, 2021, HealthEquity acquired business services company Further from Stella for 500M USD

Acquisition Highlights
  • This is HealthEquity’s 2nd transaction in the Business Services sector.
  • This is HealthEquity’s 2nd largest (disclosed) transaction.
  • This is HealthEquity’s 2nd transaction in the United States.
  • This is HealthEquity’s 1st transaction in Minnesota.

M&A Deal Summary
Date 2021-04-08
Target Further
Sector Business Services
Buyer(s) HealthEquity
Sellers(s) Stella
Deal Type Divestiture
Deal Value 500M USD

Target

Further

Eagan, Minnesota, United States
website
Further provides health savings accounts (HSAs), flexible spending accounts, (FSAs), health reimbursement arrangements (HRAs), voluntary employee beneficiary association (VEBA) accounts, and commuter benefit and custodian services. Serving large corporations, small businesses, labor unions, retirees, and groups in the public sector, Further guides account holders across the United States in saving and spending wisely on their health care. Further is based in Eagan, Minnesota.

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Buyer(S) 1

Buyer

HealthEquity

Draper, Utah, United States

website

Category Company
Founded 2002
Sector Information Technology
Employees3,001
Revenue 757M USD (2022)
DESCRIPTION

HealthEquity is a consumer-focused health care services company that enables health insurers, benefits administrators, employers, and financial institutions to provide employees and consumers with a personal savings and payment account integrated into their health plan’s claims platform. Additionally, HealthEquity provides 24/7 personal advisory services to help consumers better save and spend their health care dollars. HealthEquity was founded in 2002 and is based in Draper, Utah.

DEAL STATS #
Overall 2 of 2
Sector (Business Services) 2 of 2
Type (Divestiture) 1 of 1
State (Minnesota) 1 of 1
Country (United States) 2 of 2
Year (2021) 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-30 WageWorks

San Mateo, California, United States

WageWorks is a provider of consumer-driven tax-advantaged spending accounts for health and dependent care and commuting. Products include flexible spending (FSA), health reimbursement (HRA), health savings (HSA), COBRA and commuter accounts. WageWorks, Inc. was formed in 2000 and is based in San Mateo, California.

Buy $2.0B

Seller(S) 1

SELLER

Stella

St. Paul, Minnesota, United States

website

Category Company
Sector Business Services
DESCRIPTION

Stella is a provider of a nurture and scale differentiated businesses across the country to improve health in bold and innovative ways.

DEAL STATS #
Overall 1 of 2
Sector (Business Services) 1 of 1
Type (Divestiture) 1 of 2
State (Minnesota) 1 of 1
Country (United States) 1 of 2
Year (2021) 1 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-24 Talix

San Francisco, California, United States

Talix is a provider of a NLP powered workflow applications to improve the speed and accuracy of risk adjustment coding and other value-based care requirements. Talix is based in San Francisco, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-13 Talix

San Francisco, California, United States

Talix is a provider of a NLP powered workflow applications to improve the speed and accuracy of risk adjustment coding and other value-based care requirements. Talix is based in San Francisco, California.

Sell -
Mergr

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