Deal Details
Follow-On Offering
Summary
Baird served as a co- manager on this offering
About
HealthEquity, Inc. (“HealthEquity” or the “Company”) (NASDAQ: HQY) recently completed a follow-on offering of 4,427,500 shares of common stock at a price of $25.90 per share, generating gross proceeds of approximately $114.7 million. The Company intends to use the net proceeds from the offering for general corporate purposes as well as any potential acquisitions.Founded in 2002, HealthEquity is one of the nation’s oldest and largest dedicated health savings custodians. HealthEquity’s innovative technology platform and tax-advantaged accounts help members build health savings, while controlling healthcare costs. HealthEquity services more than 1.4 million healthcare accounts for 70 health plan partners and employees at approximately 27,000 companies across the United States. HealthEquity is headquartered in Draper, Utah.
For additional information about this transaction, please contact:
- Date
- May 2015
- Company
- HealthEquity, Inc.
- Transaction
- M&A
- Sectors
- Healthcare
- Target Geography
- North America
Share
