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New Deal


Announced

HealthEquity to acquire BenefitWallet HSA portfolio of Conduent for $425m.

Financials

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Transaction Value£343m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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United States

Single Bidder

health savings account

Business Process Outsourcing

Acquisition

Majority

Friendly

Domestic

Private

Pending

Synopsis

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HealthEquity, a health savings account administrator, agreed to acquire 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.

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