HealthEquity, Inc. is an American financial technology and business services company that is designated as a non-bank health savings trustee by the IRS.[2] This designation allows HealthEquity to be the custodian of health savings accounts regardless of which financial institution the funds are deposited with.
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Company type | Public |
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Founded | 1 January 2002 ![]() |
Headquarters | Draper, Utah, U.S. |
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Website | healthequity |
Footnotes / references [1] |
As of July 31, 2022, HealthEquity managed 7.5 million HSA accounts, plus 7 million other consumer-directed benefits ("CDBs") for total accounts of 14.5 million. Total HSA assets as of July 31, 2022 were $20.5 billion, including $13.1 billion of HSA cash and $7.4 billion of HSA investments.[3]
History
HealthEquity was incorporated in January 2002 in Tucson, Arizona by Stephen Neeleman, Nuno Battaglia, and David Hall to re-introduce consumer-driven health care (CDH).[4] It moved its incorporation to Utah in February 2004. HealthEquity went public via an IPO on July 31, 2014, under the symbol "HQY".
Acquisitions
August 30, 2019 - HealthEquity acquires WageWorks.[5]
March 8, 2021 HealthEquity acquires Luum and expands Commuter benefit offering.[6]
November 1, 2021: HealthEquity completes Further acquisition.[7]