HealthEquity completed the acquisition of BenefitWallet HSA portfolio of Conduent for $425m.

HealthEquity, a health savings account administrator, completed the acquisition of BenefitWallet HSA portfolio of Conduent, a global technology-led business solutions and services company, for $425m. "This transaction demonstrates progress on the portfolio rationalization plan outlined earlier this year. Clients and customers will continue to benefit from the strong and long-standing relationship between Conduent and HealthEquity. HealthEquity will provide best-in-class HSA solutions, while Conduent will continue to provide a variety of other market-leading solutions, including benefit administration services,” Cliff Skelton, Conduent President and CEO.