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New Deal


Announced

Completed

WEX completed the acquisition of HSA assets of HealthcareBank for $250m.

Financials

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Transaction Value£180m
Consideration TypeContingent Deferred Consideration, Cash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Completed

Majority

Single Bidder

health savings account

Banks

Friendly

Domestic

United States

Acquisition

Private

Synopsis

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WEX, a financial services provider, completed the acquisition of the health savings account assets of HealthcareBank, the custodian bank for customers of WEX’s Health division, for $250m. “This asset purchase expands WEX’s role in the attractive consumer-directed healthcare ecosystem and aligns with our growth strategy. We are excited to provide a more streamlined relationship experience, one that positions us to better leverage our investments to provide market-leading HSA solutions," Robert Deshaies, WEX President.

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