HealthEquity, Inc - HQY STOCK NEWS

HealthEquity, the largest independent HSA custodian, announced it will release its third quarter fiscal year 2021 financial results on December 7, 2020. The release will occur after the market closes, followed by a conference call at 4:30 p.m. ET to discuss the results. HealthEquity serves over 12 million accounts, focusing on connecting health and wealth through HSAs and consumer-directed benefits.

HealthEquity has released the 14th edition of The Complete HSA Guidebook, focusing on health savings accounts (HSAs). This updated edition includes vital updates reflecting the latest healthcare reforms and tax changes, such as insights from the CARES Act. As of now, the industry boasts 29.3 million HSAs with assets totaling $73.5 billion, with projections suggesting growth to 35 million accounts and over $100 billion in assets by the end of 2022. The guidebook aims to assist employers in understanding HSAs and encouraging consumers to manage their health and wealth effectively.

HealthEquity has been recognized by ADP Marketplace with two significant honors for the period ending June 30, 2020. The company was awarded the 2020 ADP Marketplace Top Closer for achieving the highest lead conversion rate through effective collaboration and understanding of the ADP sales process. Additionally, HealthEquity has been designated as an ADP Marketplace Platinum Partner, a status achieved by only 20% of its partners. These accolades highlight HealthEquity's commitment to enhancing integration and delivering cohesive benefits solutions for ADP clients.

HealthEquity (NASDAQ: HQY) reported impressive Q2 results for the fiscal year ending July 31, 2020, with revenue reaching $176.0 million, a 103% increase from $86.6 million in Q2 FY20. Despite a net loss of $0.1 million, the company achieved a non-GAAP net income of $30.1 million, or $0.42 per diluted share. Adjusted EBITDA was $60.0 million, up 48% year-over-year. Total HSA Assets grew to $12.2 billion, reflecting a 43% year-over-year increase. HealthEquity also completed its WageWorks acquisition, surpassing synergy targets with an increased target of $80 million.

HealthEquity (NASDAQ: HQY) will release its second quarter fiscal year 2021 financial results on September 8, 2020, after market close. A conference call will follow at 4:30 p.m. ET to discuss the results. The company will also participate in several virtual investor conferences, including the Wells Fargo Healthcare Conference on September 9 and the RW Baird Healthcare Conference on September 10. HealthEquity is the largest independent HSA custodian, managing over 12 million accounts.

HealthEquity, Inc. (NASDAQ: HQY) has completed a public offering, raising approximately $37.5 million by selling 690,000 new shares after the underwriters exercised their over-allotment option. This offering follows an earlier sale that generated $257.6 million in gross proceeds. The company plans to utilize the net proceeds to pre-pay $200 million of its term loan facility, allowing for further capital allocation toward both organic and inorganic growth strategies.

HealthEquity, Inc. (NASDAQ: HQY) announced the successful closing of its public offering of 4,600,000 shares, generating $257.6 million in gross proceeds. A 30-day option for underwriters to purchase an additional 690,000 shares was granted. The net proceeds will primarily be utilized to pre-pay $200 million under its term loan facility, with the remainder allocated for general corporate purposes and potential acquisitions. Wells Fargo Securities and J.P. Morgan acted as lead managers for this offering.

HealthEquity (HQY) has priced an underwritten public offering of 4,600,000 shares of common stock at $56.00 per share, generating estimated gross proceeds of $257.6 million. The offering is set to close on July 13, 2020, contingent on customary conditions. HealthEquity plans to utilize approximately $200 million of the proceeds for pre-paying its term loan, with the remaining funds aimed at supporting organic and inorganic growth and other corporate purposes. An additional option for underwriters to purchase 690,000 shares is also included.

HealthEquity has announced a public offering of $250 million in common stock. The company plans to utilize approximately $200 million of the proceeds to pre-pay its term loan facility, while the remaining funds will support general corporate purposes, including potential acquisitions. The offering is led by Wells Fargo and J.P. Morgan, with shares offered under an effective shelf registration statement filed with the SEC. HealthEquity serves over 12 million accounts, managing Health Savings Accounts and consumer-directed benefits.