Voya Financial Acquires Benefit Strategies, LLC
May 10, 2021
Voya Financial, Inc. has acquired Benefit Strategies, LLC, a third-party administrator of HSAs, FSAs, HRAs, COBRA and related workplace benefits. The acquisition (closed July 2021) adds roughly 150 employees, ~3,400 employer clients and nearly 370,000 participant accounts to Voya, strengthening its workplace health savings and spending account capabilities.
- Buyers
- Voya Financial, Inc.
- Targets
- Benefit Strategies, LLC
- Industry
- Financial Services
- Location
- United States
- Transaction Type
- Buyout
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