Summary
HealthEquity, Inc. is an American financial technology and business services company that is designated as a non-bank health savings trustee by the IRS.[2] This designation allows HealthEquity to be the custodian of health savings accounts regardless of which financial institution the funds are deposited with.
 | |
| Company type | Public |
|---|---|
| Founded | 1 January 2002  |
| Headquarters | Draper, Utah, U.S. |
| Revenue |  US$756.6 million (FY ended 1/31/2022) |
 -US$24.238 million (FY ended 1/31/2022) | |
| -US$44.3 million (FY ended 1/31/2022) | |
| Total assets | US$3.107 billion (FY ended 1/31/2022) |
| Total equity | US$1.852 billion (FY ended 1/31/2022) |
Number of employees | 3,688 (January 2022) |
| Website | healthequity |
| Footnotes / references [1] | |
As of July 31, 2022, HealthEquity managed 7.5 million HSA accounts, plus 7 million other consumer-directed benefits ("CDBs") for total accounts of 14.5 million. Total HSA assets as of July 31, 2022 were $20.5 billion, including $13.1 billion of HSA cash and $7.4 billion of HSA investments.[3]
History edit
HealthEquity was incorporated in January 2002 in Tucson, Arizona by Stephen Neeleman, Nuno Battaglia, and David Hall to re-introduce consumer-driven health care (CDH).[4] It moved its incorporation to Utah in February 2004. HealthEquity went public via an IPO on July 31, 2014, under the symbol "HQY".
Acquisitions edit
August 30, 2019 - HealthEquity acquires WageWorks.[5]
March 8, 2021 HealthEquity acquires Luum and expands Commuter benefit offering.[6]
November 1, 2021: HealthEquity completes Further acquisition.[7]
References edit
- ^ "HealthEquity Inc. 2022 Annual Report Form (10-K)". U.S. Securities and Exchange Commission. March 31, 2022. Retrieved November 2, 2022.
- ^ "Approved Nonbank Trustees and Custodians - Internal Revenue Service". www.irs.gov.
- ^ "HealthEquity Reports Second Quarter Ended July 31, 2022 Financial Results". September 6, 2022.
- ^ "- Arizona Corporation Commission eCorp File Number F10595232". ecorp.azcc.gov.
- ^ "HealthEquity Completes Acquisition of Wageworks". HealthEquity. August 30, 2019.
- ^ "HealthEquity Expands Commuter Offering with Luum". Nasdaq. March 8, 2021.
- ^ "HealthEquity Completes Further Acquisition". Nasdaq. Nov 1, 2021.
External links edit
- Official website
- User Experience Benchmarks and Best Practices: Inside Bank Health Savings Account Servicing Web Sites
- The Complete HSA Guidebook