HealthEquity - M&A Summary and Business Overview

Information TechnologyCompany

HealthEquity M&A Summary

HealthEquity has acquired 2 companies, including 2 in the last 5 years.

HealthEquity’s largest acquisition to date was in 2019, when it acquired WageWorks for $2.0B. HealthEquity has acquired in 2 different US states. The Company’s most targeted sectors include business services (100%).

HealthEquity Business Overview

Where is HealthEquity headquartered?

HealthEquity is headquartered in Draper, Utah.

What is HealthEquity’s revenue?

HealthEquity disclosed revenue of 757M USD for 2022 and 734M USD for 2021.

How many employees does HealthEquity have?

HealthEquity has 3,001 employees.

What sector is HealthEquity in?

HealthEquity is an information technology company.

When was HealthEquity founded?

HealthEquity was founded in 2002.

M&A Summary

  • M&A Total Activity2
    • M&A Buy Activity2
  • Total Sectors Invested 1
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 1
  • M&A Advisors 1


HealthEquity, Inc.

15 West Scenic Pointe Drive, Suite 100,
Draper, Utah 84020
United States,
(801) 727-1000

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.

M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.2/yr) # 1 - 1 - - - 2
vol $2.0B $500M $2.5B
Sell (0.0/yr) # - - - - - - 0

Most Recent M&A

Company Date Value Type
MII Life Insurance, Inc. 2021-04-08 500M USD Divestiture
Eagan, Minnesota ·
WageWorks, Inc. 2019-04-30 2.0B USD Add-on Acquisition
San Mateo, California ·
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Business Services 2 (100%) 2.5B (100%) - -
Total 2 $2.5B - -

By Geo

State/Country Buy Value Sell Value
United States 2 2.5B - -
  Minnesota 1 500M - -
  California 1 2.0B - -
Total 2 $2.5B - -

Top M&A Advisors

Legal Deals
Willkie Farr & Gallagher

Deal Values

buy # Total
> $1B 1 $2.0B
$100M to $1B 1 $500M
Largest WageWorks, Inc.
$2.0B (2019-04-30)

M&A Connections

Acquired from
1 (50%)

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