M&A Deal Summary

HealthEquity Acquires Health Savings Administrators

On December 4, 2021, HealthEquity acquired healthcare services company Health Savings Administrators from Bluff Point Associates

Acquisition Highlights
  • This is HealthEquity’s 1st transaction in the Healthcare Services sector.
  • This is HealthEquity’s 3rd transaction in the United States.
  • This is HealthEquity’s 1st transaction in Virginia.

M&A Deal Summary

Date 2021-12-04
Target Health Savings Administrators
Sector Healthcare Services
Buyer(s) HealthEquity
Sellers(s) Bluff Point Associates
Deal Type Add-on Acquisition

Target

Health Savings Administrators

Richmond, Virginia, United States
Health Savings Administrators offers vanguard no-load mutual funds to Health Savings Account (HSA) holders nationwide. Health Savings Administrators was founded in 1997 and is based in Richmond, Virginia.

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Buyer(S) 1

Buyer

HealthEquity

Draper, Utah, United States

Category Company
Founded 2002
Sector Information Technology
Employees3,126
Revenue 1.2B USD (2025)
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 3 of 3
Sector: Healthcare Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 2 of 2
State: Virginia M&A 1 of 1
Country: United States M&A 3 of 3
Year: 2021 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-08 Further

Eagan, Minnesota, United States

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.

Buy $500M

Seller(S) 1

DESCRIPTION

Bluff Point Associates is a private equity firm that invests in middle-market information technology companies serving the financial services and healthcare industries. The Firm looks for control positions in growth-oriented companies with $3 to $30 million in revenue. Bluff Point Associates was formed in 2011 and is based in Westport, Connecticut.


DEAL STATS #
Overall 14 of 15
Sector: Healthcare Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 11 of 11
State: Virginia M&A 1 of 1
Country: United States M&A 14 of 15
Year: 2021 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-23 True North Networks

Swanzey, New Hampshire, United States

True North Networks is a managed security service provider (MSSP) offering managed IT services, private cloud hosting and support to independent RIAs and other organizations of varying sizes across the country. The company partners with leading technology firms to provide information and network security and support, eliminating IT issues before they cause expensive downtime. True North Networks was founded in 2002 and is based in Swanzey, New Hampshire.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-19 True North Networks

Swanzey, New Hampshire, United States

True North Networks is a managed security service provider (MSSP) offering managed IT services, private cloud hosting and support to independent RIAs and other organizations of varying sizes across the country. The company partners with leading technology firms to provide information and network security and support, eliminating IT issues before they cause expensive downtime. True North Networks was founded in 2002 and is based in Swanzey, New Hampshire.

Sell -