HealthEquity Introduces New COO
June 21 2018 - 4:15PM
HealthEquity, Inc. (NASDAQ:HQY) (“HealthEquity” or the “Company”),
the nation’s largest independent health savings accounts (HSA)
custodian, today announced the appointment of Ted Bloomberg to its
executive team as Executive Vice President and Chief Operating
Officer (COO), a new position within HealthEquity created in
response to its continued rapid growth.
“Ted Bloomberg brings proven leadership of technology-driven
businesses that help Americans build wealth, and help employers
support that goal,” said Jon Kessler, President and CEO of
HealthEquity. “Ted’s depth of experience is a multiplier for the
HealthEquity team as we drive to connect health and wealth.”
Mr. Bloomberg will join HealthEquity from his current position
as Senior Vice President of Operations, Strategy and Support for
Financial Engines (NASDAQ:FNGN). Mr. Bloomberg was previously COO
of the Mutual Fund Store, a registered investment adviser acquired
by Financial Engines in 2016. He previously served 10 years in
various capacities of leadership at TD Ameritrade, including as
Managing Director of Investools, a subsidiary of TD
Ameritrade. Bloomberg holds a bachelor’s degree in Industrial
and Labor Relations from Cornell University.
Mr. Bloomberg’s appointment will be effective during the third
fiscal quarter of 2019, following the completion of his duties with
Financial Engines and relocation of his family to Utah.
About HealthEquity
HealthEquity connects health and wealth,
delivering health savings account (HSA), 401(k) and
other consumer driven health and retirement solutions in
partnership with over 40,000 employers and 124 health plans and
administrators nationwide. HealthEquity members have
access to its end-to-end platform and remarkable “purple” service
to become consumers of healthcare while building health and
retirement savings for tomorrow. HealthEquity is the
custodian for $6.9 billion in assets for 3.5 million HSA
members nationwide. For more information,
visit www.HealthEquity.com.
Forward-looking statements
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 our industry, business strategy, plans,
goals and expectations concerning our markets and market position,
product expansion, future operations, expenses and other results of
operations, revenue, margins, profitability, future efficiencies,
tax rates, 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 in this press release.
Forward-looking statements reflect our current expectations
regarding future events, results or outcomes. These expectations
may or may not be realized. Although we believe the expectations
reflected in the forward-looking statements are reasonable, we can
give you no assurance these expectations will prove to be correct.
Some of these expectations may be based upon assumptions, data or
judgments that prove to be incorrect. Actual events, results and
outcomes may differ materially from our expectations due to a
variety of known and unknown risks, uncertainties and other
factors. Although it is not possible to identify all of these risks
and factors, they include, among others, risks related to the
following:
- our ability to compete effectively in a rapidly evolving
healthcare industry;
- our dependence on the continued availability and benefits of
tax-advantaged health savings accounts;
- the significant competition we face and may face in the future,
including from those with greater resources than us;
- cybersecurity breaches of our platform and other data
interruptions, including resulting costs and liabilities,
reputational damage and loss of business;
- the current uncertain healthcare environment, including changes
in healthcare programs and expenditures and related
regulations;
- our ability to comply with current and future privacy,
healthcare, tax, investment advisor and other laws applicable to
our business;
- our reliance on partners and third party vendors for
distribution and important services;
- our ability to successfully identify, acquire and integrate
additional portfolio purchases or acquisition targets;
- our ability to develop and implement updated features for our
platform and successfully manage our growth;
- our ability to protect our brand and other intellectual
property rights; and
- our reliance on our management team and key team members.
For a detailed discussion of these and other risk factors,
please refer to the risks detailed in our filings with
the Securities and Exchange Commission, including, without
limitation, our most recent Annual Report on Form 10-K and
subsequent periodic and current reports. Past performance is not
necessarily indicative of future results. We undertake no intention
or obligation to update or revise any forward-looking statements,
whether as a result of new information, future events or otherwise.
These forward-looking statements should not be relied upon as
representing our views as of any date subsequent to the date of
this press release.
Investor Relations Contact:Richard
Putnam801-727-1209rputnam@healthequity.com
Media Contact:Stephanie
Muir801-727-1243smuir@healthequity.com
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