Salt Lake City, Utah-based HealthEquity acquired health savings account (HSA) administrator First Horizon Msaver from First Tennessee Bank National Association for an undisclosed amount.
The combined company is the nation’s largest non-bank HSA custodian, with more than $600 million in assets under management and 17,000 employer customers.
“I am very excited about the benefits of this acquisition for our customers,” said Msaver President E. Craig Keohan in a statement. “They will continue to enjoy Msaver’s concierge-level customer service and gain access to additional capabilities and product features.” http://ifawebnews.com/2011/08/15/hsa-administrator-healthequity-agree-to-marriage-of-expertise/
Tamela Southan, CBC



