On the Record · Healthequity

Healthequity acquisitions, on the record

The businesses Healthequity bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.

Deals its annual reports describe

Business	Deal	When	Value
Fort Effect Corp, d/b/a Luum Word for word“In March 2021, we bolstered our commuter offering by acquiring 100% of the outstanding capital stock of Fort Effect Corp, d/b/a Luum (the "Luum Acquisition").” 10-K for 2024	acquisition	In March 2021	—
Fifth Third Bank, National Association HSA portfolio Word for word“In September 2021, we acquired the Fifth Third Bank, National Association ("Fifth Third") HSA portfolio, which consisted of $490.0 million of HSA Assets held in approximately 160,000 HSAs in exchange for a purchase price of $60.8 million in cash.” 10-K for 2024	acquisition	In September 2021	$60.8 million in cash
Further business (other than Further's voluntary employee beneficiary association business) Word for word“In November 2021, we acquired the Further business (other than Further's voluntary employee beneficiary association business), a leading provider of HSA and other CDB administration services, with approximately 580,000 HSAs and $1.9 billion of HSA Assets, for $455 million in cash (the "Further Acquisition").” 10-K for 2024	acquisition	In November 2021	$455 million in cash
Health Savings Administrators, L.L.C. ("HealthSavings") HSA portfolio Word for word“In March 2022, we acquired the Health Savings Administrators, L.L.C. (“HealthSavings”) HSA portfolio, which consisted of $1.3 billion of HSA Assets held in approximately 87,000 HSAs in exchange for a purchase price of $60 million in cash.” 10-K for 2024	acquisition	In March 2022	$60 million in cash
BenefitWallet HSA portfolio from Conduent Business Services, LLC Word for word“In September 2023, we entered into an agreement to acquire the BenefitWallet HSA portfolio from Conduent Business Services, LLC, for a purchase price of $425.0 million and reimbursement of up to $20.0 million of Conduent's transfer-related expenses.” 10-K for 2024	agreed acquisition	In September 2023	$425.0 million
HealthSavings HSA portfolio Word for word“In March 2022, we acquired the Health Savings Administrators, L.L.C. (“HealthSavings”) HSA portfolio, which consisted of $1.3 billion of HSA Assets held in approximately 87,000 HSAs in exchange for a purchase price of $60 million in cash.” 10-K for 2025	acquisition	In March 2022	$60 million in cash

As filedReported in the company's financial data (XBRL), each linked to its filing
Fiscal year ended	Cash paid for acquisitions (net of cash acquired)	Goodwill from acquisitions
2018-01-31	$2.9 million	—
2019-01-31	$0	—
2020-01-31	$1.64 billion	—
2021-01-31	$0	—
2022-01-31	$504.5 million	$318.6 million
2023-01-31	$0	—
2024-01-31	$0	—

Deal filings since 2016

2024-11-29 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2024-08-27 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2024-05-14 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
2023-09-19 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2023-06-02 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2021-12-06 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2021-11-01 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2021-11-01 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
2021-10-12 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2021-10-05 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2021-09-30 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2021-09-08 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2021-04-27 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2021-04-14 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2021-03-08 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2021-02-17 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2020-07-09 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2020-01-27 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2019-08-30 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2019-08-30 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
2019-07-16 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2019-07-11 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2019-06-27 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2018-10-03 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2017-06-05 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2016-09-21 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement

Read from Healthequity’s annual reports (10-K for 2026, 10-K for 2025, 10-K for 2024) and the financial data it files with the SEC, as of 2026-03-17. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.