HealthEquity Announces Strong Sales, Presentation at JP Morgan Healthcare Conference
- The number of
HealthEquityhealth plan / administrator network partners has reached 124, up 43% during fiscal year 2018.
- The number of employers served by
HealthEquityexceeds 40,000, up approximately 6,000 during fiscal year 2018.
- The Company estimates that HSA members will grow to between 3.3 million and 3.4 million by
January 31, 2018, up from 2.7 million a year earlier.
- The Company estimates that custodial assets will grow to between
$6.4 billion and $6.5 billionby January 31, 2018, up from $5.0 billiona year earlier.
A live audio webcast of the presentation along with a copy of the presentation slides will be available and archived on HealthEquity’s investor relations website at http://ir.healthequity.com.
Founded in 2002,
This press release contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, including but not limited to, statements regarding the Company’s industry, business strategy, plans, goals and expectations concerning our market position, product expansion, future operations, revenue, margins, profitability, future efficiencies, capital expenditures, liquidity and capital resources and other financial and operating information. When used in this discussion, the words “may,” “believes,” “intends,” “seeks,” “anticipates,” “plans,” “estimates,” “expects,” “should,” “assumes,” “continues,” “could,” “will,” “future” and the negative of these or similar terms and phrases are intended to identify forward-looking statements. Forward-looking statements are subject to a number of risks and uncertainties, many of which involve factors or circumstances that are beyond the control of the Company. The Company’s actual results could differ materially from those stated or implied in forward-looking statements due to a number of factors, including but not limited to, the continued availability of tax-advantaged consumer-directed benefits to employers and employees, the Company’s ability to acquire and retain new network partners and to cross-sell its products to existing network partners and members, the Company’s ability to successfully identify, acquire and integrate additional portfolio purchases or acquisition targets, the Company’s ability to raise awareness among employers and employees about the advantages of adopting and participating in consumer-directed benefits programs, and the Company’s ability to identify and execute on network partner opportunities. For a detailed discussion of these and other risk factors, please refer to the risks detailed in the Company’s filings with the
Investor Relations Contact:
Source: HealthEquity, Inc.