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Private company

HealthEquity

Healthcare Company

HealthEquity, Inc. is an American financial technology and business services company that is designated as a non-bank health savings trustee by the IRS. This designation allows HealthEquity to be the custodian of health savings accounts regardless of which financial institution the funds are deposited with. As of July 31, 2022, HealthEquity managed 7.5 million HSA accounts, plus 7 million other consumer-directed benefits ("CDBs") for total accounts of 14.5 million.2 Wikipedia text CC BY-SA 4.0

Last updated Oct 21, 2026.

Overview

Jan 1, 2002Founded1

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HealthEquity, Inc. is an American financial technology and business services company that is designated as a non-bank health savings trustee by the IRS. This designation allows HealthEquity to be the custodian of health savings accounts regardless of which financial institution the funds are deposited with.2

The story

HealthEquity was incorporated in January 2002 in Tucson, Arizona by Stephen Neeleman, Nuno Battaglia, and David Hall to reintroduce consumer-driven health care (CDH). It moved its incorporation to Utah in February 2004. HealthEquity went public via an IPO on July 31, 2014, under the symbol "HQY". Healthequity had a massive data breach in March 2024 exposing addressees, social security numbers, as well as HIPAA protected patient information such as diagnoses and medications, of over 4 million patients.

From Wikipedia’s article on HealthEquity, shared under CC BY-SA 4.0.3

Acquisitions

In August 2019, HealthEquity acquired WageWorks.

In March 2021, HealthEquity acquired Luum and expanded the Commuter benefit offering. In November 2021, HealthEquity acquired Further.

In May 2024, HealthEquity acquired BenefitWallet, a Health Savings Account (HSA), owned by Conduent Inc.

From Wikipedia’s article on HealthEquity, shared under CC BY-SA 4.0.3

Timeline

  1. Jan 1, 2002Founded Founded1

Sources

The numbers on this page point here. Each one links to the record it came from.

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