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New Deal


Announced

Millennium Trust to acquire PayFlex from CVS Health.

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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Pending

Private

Domestic

Health Care Services

United States

Acquisition

Friendly

Single Bidder

savings accounts

Majority

Synopsis

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Millennium Trust, a provider of retirement and financial services, to acquire PayFlex, a provider of health savings accounts, from CVS Health, a healthcare company. Financial terms are not disclosed. “This acquisition extends Millennium Trust’s core business and complements our strong retirement solutions, enabling us to offer a uniquely differentiated platform to our shared partners and clients that spans retirement, consumer-directed benefits, financial wellness, and institutional investment services," Gary Anetsberger, Millennium Trust CEO.

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