Welcome to our dedicated page for Healthequity news (Ticker: HQY), a resource for investors and traders seeking the latest updates and insights on Healthequity stock.
HealthEquity, Inc. (NASDAQ: HQY) is widely described in its disclosures as the nation’s largest health savings account (HSA) custodian by number of accounts and a leader in administering HSAs and complementary consumer-directed benefits. This news page aggregates press releases and other coverage related to HealthEquity’s operations, financial performance, technology initiatives, research, and community activities.
Visitors to this page can review HealthEquity news on quarterly and annual financial results, including updates on service, custodial, and interchange revenue, as well as trends in HSA assets, total accounts, and client-held funds. Earnings releases often discuss non-GAAP metrics such as Adjusted EBITDA and non-GAAP net income, along with commentary from management on business performance and outlook.
HealthEquity news also highlights product and technology developments. Recent announcements include the deployment of agentic AI in partnership with Parloa to deliver conversational, omnichannel member support, the launch of Expedited Claims AI and HSAnswers, and the introduction of the HealthEquity Assist™ suite, which includes Analyzer™, Navigator™, and Momentum™. Additional news covers consumer-focused initiatives such as the GLP-1 telehealth offering for weight management and the direct HSA enrollment platform available through the company’s mobile and web channels.
Other releases feature research such as the Healthcare Affordability Pulse survey, which examines generational differences in HSA adoption, financial preparedness, and workplace financial stress, as well as updates from the HealthEquity Community Foundation on grants to nonprofit organizations focused on health, mental health, financial literacy, and basic needs. Investors and observers can use this page to follow HealthEquity’s disclosures on strategy, risk factors, partner ecosystem, and community impact over time.
HealthEquity (NASDAQ: HQY) announced a definitive agreement to acquire Fifth Third Bank's health savings account (HSA) portfolio for $60.8 million, involving around 149,000 HSA members and approximately $477 million in assets. The transition is aimed at enhancing service quality for Fifth Third’s HSA members under HealthEquity’s platform and is contingent upon regulatory approval. CEO Jon Kessler emphasized the company’s commitment to customer care and benefits integration.
HealthEquity has announced a definitive agreement to acquire Further for $500 million. This acquisition will enhance HealthEquity's position as the largest independent health savings account (HSA) custodian with approximately 6.3 million HSA members and more than $16 billion in HSA assets. The acquisition is expected to generate $60 million in annual revenue with a 20% contribution to adjusted EBITDA. Additionally, it provides access to Further's 28,000 employer clients and VEBA administration capabilities. The deal is expected to close by September 2021, pending regulatory approvals.
HealthEquity, Inc. (NASDAQ: HQY) reported robust financial results for fiscal year 2021, achieving $733.6 million in revenue, a 38% increase from $532 million in FY20. However, net income dropped to $8.8 million from $39.7 million year-over-year. The company's non-GAAP net income was $126.3 million, slightly up from $114.8 million. Q4 revenue declined 6% to $188.2 million, but net income rose to $5.4 million from a loss in Q4 FY20. For FY2022, HealthEquity anticipates revenue between $750 million and $760 million, with a projected net loss of up to $10 million.
HealthEquity (NASDAQ: HQY) has acquired Luum, a technology platform focused on employee commute management, enhancing its offerings for hybrid workplaces. This strategic acquisition is aimed at providing employers with tools for flexible commuting solutions and sustainable practices, crucial as businesses adapt post-pandemic. Key benefits include safe commute options, policy flexibility, an employee commute portal, and improved corporate sustainability. The acquisition is expected to optimize workforce equity and aid in reducing carbon footprints associated with commuting.
HealthEquity, Inc. (NASDAQ: HQY) announced the closing of an additional public offering of 750,000 common shares, resulting in gross proceeds of $60,225,000. These funds, along with $401.5 million from a previous February offering, will be used for acquisitions, debt repayment, and general corporate purposes. The offering was managed by BofA Securities. The shares were offered under an effective shelf registration statement filed with the SEC.
HealthEquity, Inc. (NASDAQ: HQY) will release its fiscal year-end 2021 financial results on March 15, 2021, after market close. Following the announcement, management will conduct a conference call at 4:30 p.m. ET to discuss key highlights from the fourth quarter and annual results. HealthEquity administers over 12 million Health Savings Accounts (HSAs) and is positioned as the largest independent HSA custodian, serving a broad range of partners in the healthcare industry.
HealthEquity, Inc. (NASDAQ: HQY) has successfully closed a public offering of 5 million shares, raising $401.5 million in gross proceeds. The underwriter has a 30-day option to buy an additional 750,000 shares. Proceeds will be used for potential acquisitions, debt repayment, and general corporate purposes. BofA Securities is the sole book-running manager for this offering, which is conducted under an effective shelf registration statement filed with the SEC.
HealthEquity, Inc. (NASDAQ: HQY) announced a public offering of 5 million shares at a pricing that could yield gross proceeds of $401.5 million, expected to close on February 19, 2021. BofA Securities is the sole book-running manager for the offering, which is aimed at acquisitions, debt repayment, and general corporate purposes. Additionally, BofA has a 30-day option for another 750,000 shares. The offering is part of an effective shelf registration filed with the SEC.
HealthEquity (NASDAQ: HQY) announced a $400 million common stock offering arranged by BofA Securities, intended for potential acquisitions, debt repayment, and general corporate purposes. Sales may occur through various methods including negotiated transactions and market prices. The offering is based on an effective shelf registration statement filed in September 2018. While it aims to strengthen the company's financial position, it may also lead to share dilution for existing shareholders.
HealthEquity, Inc. reported impressive growth for the fiscal year ended January 31, 2021, with HSA assets reaching $14.3 billion, a 24% increase year-over-year. The total number of HSAs grew by 8% to 5.8 million. The company closed the fiscal year with 12.8 million Total Accounts, maintaining previous levels. HealthEquity provided revenue guidance of $740 million to $750 million for fiscal year 2022. However, net income for 2021 is forecasted between $5 million and $8 million.