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New Deal


Announced

Webster Financial to acquire Bend Financial.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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financial software

Friendly

Domestic

United States

Private

Pending

Majority

FinTech

Acquisition

Single Bidder

Synopsis

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Webster Financial, a commercial bank, agreed to acquire Bend Financial, a developer of a healthcare financial platform. Financial terms were not disclosed. "Our goal is to simplify healthcare saving and make it easy for everyone to manage their long-term financial wellness. We're excited that this transaction allows us to expand on that mission," Tom Torre, Bend President and CEO.

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