Blue Cross parent company sells health savings account business for $500M

Blue Cross and Blue Shield of Minnesota parent company Stella Health is selling its health savings account business, called Further, to Utah-based HealthEquity Inc. for $500 million, the companies announced Thursday. HealthEquity (NASDAQ: HQY) said the acquisition of Eagan-based Further is expected to add about $60 million to its annual revenue. The deal will likely close by September. Further has about 550,000 health savings account customers. With the acquisition, HealthEquity will now have about…
Source: bizjournals.com Health Care:Pharmaceuticals headlines - Category: Pharmaceuticals Authors: Source Type: news