Global data, analytics, and technology company Equifax announced that it has signed a definitive agreement to acquire Health e(fx), a leading and experienced provider of Affordable Care Act (ACA) services. The acquisition will help Equifax Workforce Solutions bring businesses more of the information, insights and solutions they need to help manage through the changes that impact their workforce.
Mark W. Begor, CEO of Equifax, said: “The acquisition of Health e(fx) will further strengthen our largest and fastest-growing business – Workforce Solutions – by enhancing their portfolio of employer services by adding capabilities aligned with our own Affordable Care Act (ACA) Management offerings.”
“With our cloud-native technology architecture, it’s easier than ever to integrate new partner capabilities and acquisitions quickly and securely to create leading-edge solutions. Our strong performance and balance sheet allow Equifax to reinvest our cash flow in this accretive and strategic acquisition that gives customers unique access to more capabilities, product suites, and services under a single roof.”
Health e(fx) offers a robust technology platform that includes full-service ACA and state individual mandate support and reporting as well as workforce analytics. These services help make health reform easier for organisations with complex systems nationwide. The company will become part of the Workforce Solutions business unit at Equifax.
Walter Gibson, III, SVP at Equifax Workforce Solutions, said:
“This acquisition will expand on the value that Equifax Workforce Solutions offers to HR and Payroll teams as a provider of innovative, data-driven services for today’s dynamic workforce environment.”
“The Health e(fx) team, relationships and cloud-native technologies are complementary to our business and existing ACA product and will provide us with additional opportunities to help meet evolving employer needs.”
