Healthequity Inc Stock Price, News & Analysis

HealthEquity (NASDAQ: HQY) has released the 15th edition of The Complete HSA Guidebook, enhancing the understanding of Health Savings Accounts (HSAs) among benefits professionals and individuals. This updated guide reflects the latest information, organized for easy navigation, with projections indicating a rise to 36 million HSAs and over $127 billion in assets by 2023. The initiative comes amid growing interest in health savings amidst rising healthcare concerns, emphasizing the significance of HSAs as a financial tool for accessing necessary care.

HealthEquity (NASDAQ: HQY) has priced an additional $100 million offering of its 4.500% senior notes due 2029 at 100.75% of face value. This follows a previously announced $500 million offering of the same notes at par. The total of these offerings aims to refinance existing term loans and serve general corporate purposes. Closing is anticipated on October 8, 2021, subject to standard conditions. The notes will be offered to qualified institutional buyers and have not been registered under the Securities Act.

HealthEquity (NASDAQ: HQY) has announced an offering of $100 million in 4.500% senior notes due 2029, complementing a prior $500 million offering. The proceeds will be used to refinance existing term loans and for general corporate purposes. The notes are being offered to qualified institutional buyers and will not be registered under the Securities Act. This offering reflects HealthEquity's strategy to strengthen its financial position and manage debt more effectively.

HealthEquity (NASDAQ: HQY) has announced the pricing of a $500 million offering of 4.500% senior notes due 2029. The net proceeds will be utilized to refinance existing term loans and for general corporate purposes. The offering is set to close on October 8, 2021, pending customary conditions. These senior notes are offered exclusively to qualified institutional buyers under Rule 144A and Regulation S, without registration under the Securities Act of 1933.

HealthEquity (NASDAQ: HQY) announced an offering of $500 million in senior notes due 2029, subject to market conditions. The notes will be guaranteed by certain subsidiaries on a senior unsecured basis. Proceeds will be used to refinance existing term loans and for general corporate purposes. The notes are being offered to qualified institutional buyers and have not been registered under the Securities Act. This offering aims to strengthen HealthEquity's financial position while they manage 13 million HSA accounts.

HealthEquity released findings from its Working in the New Normal Survey, revealing employee dissatisfaction with employer benefits adjustments during the pandemic. Over half (56%) of surveyed workers are dissatisfied, with 72% of those experiencing expanded benefits expressing satisfaction. The survey indicates a strong preference for flexible work schedules, and 77% of respondents do not wish to return to full-time onsite work. Importantly, 46% of HSA participants increased contributions, highlighting the ongoing value of Health Savings Accounts. The full report and an eBook are available online.

HealthEquity, Inc. (NASDAQ: HQY) reported Q2 FY22 revenues of $189.1 million, up 7% from $176.0 million in Q2 FY21. The company experienced a net loss of $3.8 million, compared to a $0.1 million loss last year, with non-GAAP net income at $33.4 million. Adjusted EBITDA rose 9% to $65.5 million. The total Health Savings Accounts (HSAs) reached 6.0 million, a 11% increase, and total HSA assets grew 27% to $15.5 billion. HealthEquity expects fiscal year revenues of $755-$765 million and net losses of $17-$13 million.

HealthEquity, the largest independent HSA custodian, will release its fiscal Q2 2022 financial results on September 8, 2021, after market close. A conference call to discuss these results will follow at 4:30 PM ET. Additionally, HealthEquity will participate in notable investor conferences, including the Wells Fargo Global Healthcare Conference on September 9, 2021, and the R.W. Baird Global Healthcare Conference on September 14, 2021, with presentations by its CEO and CFO.

HealthEquity, Inc. (NASDAQ: HQY) announced that CEO Jon Kessler received the Glassdoor Employees’ Choice Award for Top CEOs in 2021, achieving a notable approval rating of 94%. This award is based on anonymous feedback from employees, highlighting Kessler's leadership and the company's commitment to a culture of service. HealthEquity serves over 12 million accounts, focusing on connecting health and wealth through health savings accounts. The award underscores the effectiveness of its management during challenging times, including the COVID-19 pandemic.