HealthEquity Expands Commuter Offering with Luum

March 25, 2021

Willkie represented HealthEquity in the transaction.

HealthEquity, the nation's largest independent health savings account (HSA) non-bank custodian, announced the acquisition of Luum, a fast-growing technology platform for employee commute management, compliance and sustainability.

This acquisition strengthens the HealthEquity commuter offering, delivering a critical toolset HR and facilities professionals need to implement flexible return-to-office and hybrid-workplace strategies. Combining technology and deep integrations with parking providers and IT integrations into HR and Payroll systems, employers can now offer safe, affordable commute alternatives and flexible remote-work benefits.

HealthEquity and its subsidiaries administers Health Savings Accounts and other consumer-directed benefits for our more than 12 million accounts in partnership with employers, benefits advisors, and health and retirement plan providers who share our mission to connect health and wealth and value our culture of remarkable “Purple” service.

Luum empowers enterprises to match employees’ dynamic work-life with safe, flexible and sustainable mobility options. As a leader in enterprise commute management, Luum engages employees, unify mobility options, and bring about meaningful behavior change. Additionally, Luum provides safe, trusted and flexible commute options for frontline workers and those preparing for a return to the workplace. Luum is headquartered in Seattle, Washington, with customers throughout the United States.

The Willkie team was led by partners Matthew Haddad and Erin Kinney.