HealthEquity Acquires HealthSavings' HSA Portfolio for $60M

HealthEquity Acquires WageWorks

August 30, 2019

Healthcare Services

HealthEquity, Inc. (NASDAQ: HQY) completed its acquisition of WageWorks, Inc. (NYSE: WAGE), combining the businesses to create a leading administrator of Health Savings Accounts (HSAs) and complementary consumer-directed benefits. HealthEquity also announced an $80–100 million investment to repatriate WageWorks customer care to the United States, expand digital and live member engagement, and unify administration on a single platform.

HSA Bank Acquires SecureSave

December 4, 2025

Financial Services

HSA Bank, a division of Webster Bank (holding company Webster Financial Corporation), has acquired Secure Inc. (d/b/a SecureSave), a provider of employer-sponsored emergency savings accounts. The acquisition expands HSA Bank's Healthcare Financial Services capabilities and makes it one of the largest providers of employer emergency savings accounts; terms were not disclosed and the deal closed on December 4, 2025.

H.I.G. Capital Acquires Health-E Commerce from BPOC

June 18, 2024

E-Commerce

An affiliate of H.I.G. Capital has completed the acquisition of Health-E Commerce, the Dallas-based e-commerce retailer operating FSAstore.com, HSAstore.com and the Caring Mill private label. The majority stake in Health-E Commerce was previously held by BPOC (since 2019); H.I.G. will partner with management to expand product selection, telehealth services and technology integrations with third-party administrators to drive growth.

Millennium Trust Acquires PayFlex from CVS Health

June 1, 2022

Insurance

Millennium Trust Company, LLC has acquired PayFlex Holdings, Inc. from CVS Health, adding health savings accounts (HSAs) and other consumer-directed benefits administration capabilities to its retirement and custody platform. The deal expands Millennium Trust's combined reach to roughly five million individual accounts and $47 billion in assets under administration and includes a long-term commercial relationship keeping PayFlex as a preferred provider for Aetna.

HCA Healthcare Acquires 80% Stake in Brookdale Health Care Services from Brookdale Senior Living

July 1, 2021

Healthcare Services

HCA Healthcare has completed the purchase of an 80% equity stake in Brookdale Health Care Services from Brookdale Senior Living for $400 million, creating a joint venture that adds approximately 80 sites of care and more than 4,000 colleagues to HCA. Brookdale retained a 20% interest; the transaction expands HCA's post-acute care capabilities (home health, hospice and therapy) to improve care coordination, quality and access.

Bain Capital to Acquire HealthEdge from Blackstone Funds

April 8, 2025

Cloud & SaaS

Bain Capital's Private Equity team has agreed to acquire HealthEdge, a Burlington, Massachusetts–based healthcare SaaS platform, from funds managed by Blackstone. Financial terms were not disclosed; the transaction is expected to close in Q2 2025 and positions Bain to accelerate HealthEdge's product growth and GenAI enablement for health plans.