Millennium Trust Acquires PayFlex from CVS Health

HPS/PayMedix Acquires TempoPay

August 6, 2024

Payments & Fintech

HPS/PayMedix has acquired TempoPay, a Redesign Health–created healthcare financing solution, to expand its end-to-end healthcare payments and financing offering. The deal combines TempoPay's interest-free, payroll-repayable card for employees with PayMedix's uncapped in-network financing and SuperEOB billing, aiming to increase access to affordable care and simplify payments for employers, providers and patients.

SV Health Investors Recapitalizes Health Payment Systems

February 3, 2021

Healthcare Services

SV Health Investors has completed a recapitalization of Caltius Equity Partners' investment in Health Payment Systems (HPS). The investment will support HPS' expansion in the Upper Midwest and beyond and includes leadership additions with Tom Policelli named CEO and Tom Flynn joining HPS' board.

CVS Health Acquires Hella+Health

May 6, 2024

Healthcare Services

CVS Health has acquired Hella+Health, a New York City–based Medicare Advantage broker that helps Medicare-eligible consumers shop for and enroll in plans through its licensed agency Audomo Insurance Services LLC. The small, nationwide broker — whose founder Rafal Walkiewicz posted the news on LinkedIn — will join CVS as the company works to address near-term Medicare Advantage challenges and expand its consumer enrollment and brokerage capabilities.

Millennium Trust Acquires Accruit Holdings

March 1, 2023

Wealth Management

Millennium Trust Company, a portfolio company of Abry Partners, has acquired Accruit Holdings LLC, a Denver-based qualified intermediary and provider of patented 1031 exchange workflow software. The acquisition expands Millennium Trust's alternative asset and real estate solutions by adding Accruit's Exchange Manager Pro platform and specialist 1031 exchange services to its retirement, wealth and custody offering.

Ally Financial Acquires Health Credit Services

October 1, 2019

Financial Services

Ally Financial has completed the acquisition of Health Credit Services (HCS), a Charlotte-based, technology-driven patient financing company that partners with medical providers to offer point-of-sale financing for procedures not covered by insurance. HCS, an FTV Capital portfolio company with approximately 85 employees, will operate as an indirect subsidiary of Ally Bank with its existing management team remaining in place.

HealthEquity Acquires HealthSavings' HSA Portfolio for $60M

December 6, 2021

Healthcare Services

HealthEquity entered into a definitive agreement to acquire the HSA portfolio of Health Savings Administrators, L.L.C. (HealthSavings) for $60 million. The transaction transfers custody of nearly $1.3 billion in HSA assets across approximately 87,000 accounts to HealthEquity.