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, the largest independent HSA custodian, announced it will release its third quarter fiscal year 2021 financial results on December 7, 2020. The release will occur after the market closes, followed by a conference call at 4:30 p.m. ET to discuss the results. HealthEquity serves over 12 million accounts, focusing on connecting health and wealth through HSAs and consumer-directed benefits.
HealthEquity has released the 14th edition of The Complete HSA Guidebook, focusing on health savings accounts (HSAs). This updated edition includes vital updates reflecting the latest healthcare reforms and tax changes, such as insights from the CARES Act. As of now, the industry boasts 29.3 million HSAs with assets totaling $73.5 billion, with projections suggesting growth to 35 million accounts and over $100 billion in assets by the end of 2022. The guidebook aims to assist employers in understanding HSAs and encouraging consumers to manage their health and wealth effectively.
HealthEquity has been recognized by ADP Marketplace with two significant honors for the period ending June 30, 2020. The company was awarded the 2020 ADP Marketplace Top Closer for achieving the highest lead conversion rate through effective collaboration and understanding of the ADP sales process. Additionally, HealthEquity has been designated as an ADP Marketplace Platinum Partner, a status achieved by only 20% of its partners. These accolades highlight HealthEquity's commitment to enhancing integration and delivering cohesive benefits solutions for ADP clients.
HealthEquity (NASDAQ: HQY) reported impressive Q2 results for the fiscal year ending July 31, 2020, with revenue reaching $176.0 million, a 103% increase from $86.6 million in Q2 FY20. Despite a net loss of $0.1 million, the company achieved a non-GAAP net income of $30.1 million, or $0.42 per diluted share. Adjusted EBITDA was $60.0 million, up 48% year-over-year. Total HSA Assets grew to $12.2 billion, reflecting a 43% year-over-year increase. HealthEquity also completed its WageWorks acquisition, surpassing synergy targets with an increased target of $80 million.
HealthEquity (NASDAQ: HQY) will release its second quarter fiscal year 2021 financial results on September 8, 2020, after market close. A conference call will follow at 4:30 p.m. ET to discuss the results. The company will also participate in several virtual investor conferences, including the Wells Fargo Healthcare Conference on September 9 and the RW Baird Healthcare Conference on September 10. HealthEquity is the largest independent HSA custodian, managing over 12 million accounts.
HealthEquity, Inc. (NASDAQ: HQY) has completed a public offering, raising approximately $37.5 million by selling 690,000 new shares after the underwriters exercised their over-allotment option. This offering follows an earlier sale that generated $257.6 million in gross proceeds. The company plans to utilize the net proceeds to pre-pay $200 million of its term loan facility, allowing for further capital allocation toward both organic and inorganic growth strategies.
HealthEquity, Inc. (NASDAQ: HQY) announced the successful closing of its public offering of 4,600,000 shares, generating $257.6 million in gross proceeds. A 30-day option for underwriters to purchase an additional 690,000 shares was granted. The net proceeds will primarily be utilized to pre-pay $200 million under its term loan facility, with the remainder allocated for general corporate purposes and potential acquisitions. Wells Fargo Securities and J.P. Morgan acted as lead managers for this offering.
HealthEquity (HQY) has priced an underwritten public offering of 4,600,000 shares of common stock at $56.00 per share, generating estimated gross proceeds of $257.6 million. The offering is set to close on July 13, 2020, contingent on customary conditions. HealthEquity plans to utilize approximately $200 million of the proceeds for pre-paying its term loan, with the remaining funds aimed at supporting organic and inorganic growth and other corporate purposes. An additional option for underwriters to purchase 690,000 shares is also included.
HealthEquity has announced a public offering of $250 million in common stock. The company plans to utilize approximately $200 million of the proceeds to pre-pay its term loan facility, while the remaining funds will support general corporate purposes, including potential acquisitions. The offering is led by Wells Fargo and J.P. Morgan, with shares offered under an effective shelf registration statement filed with the SEC. HealthEquity serves over 12 million accounts, managing Health Savings Accounts and consumer-directed benefits.
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