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WAGE - HealthEquity: A Unique Pick In The Health Services Segment
WageWorks Inc.
It could not have been a better start of the year for HealthEquity (HQY). This HSA (health savings account) specialist has reported almost pristine numbers in the first quarter of 2019. The company is now getting ready to complete the acquisition of WageWorks (WAGE) for a consideration of $2.0 billion. The deal is expected to further expand HealthEquity’s presence in the fast-growing HSA market.
The increasing uncertainty around drug pricing and access and the proliferation of high deductible plans have created the perfect market opportunity for HSA expansion. Regulators are coming