{"id":509104,"date":"2021-07-01T16:18:18","date_gmt":"2021-07-01T20:18:18","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/voya-financial-completes-acquisition-of-benefit-strategies-llc\/"},"modified":"2021-07-01T16:18:18","modified_gmt":"2021-07-01T20:18:18","slug":"voya-financial-completes-acquisition-of-benefit-strategies-llc","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/voya-financial-completes-acquisition-of-benefit-strategies-llc\/","title":{"rendered":"Voya Financial completes acquisition of Benefit Strategies, LLC"},"content":{"rendered":"

<\/p>\n

Voya Financial completes acquisition of Benefit Strategies, LLC<\/b><\/p>\n

Transaction supports Voya\u2019s workplace-centered business model and increases its position in the growing health savings and spending accounts market<\/i><\/b><\/p>\n

NEW YORK–(BUSINESS WIRE<\/a>)–
\nVoya Financial, Inc. (NYSE: VOYA), announced today that it has completed the acquisition of Benefit Strategies, LLC, a leading third-party administrator of health savings and spending accounts. Benefit Strategies provides administrative services for COBRA, direct billing, flexible spending accounts (FSAs), health savings accounts (HSAs), health reimbursement arrangements (HRAs) and other services to more than 3,400 employers and nearly 370,000 participant accounts throughout the U.S.\n<\/p>\n

\n\u201cWe are excited to bring the talent and expertise of the Benefit Strategies team to Voya to help advance Voya\u2019s workplace growth strategy and accelerate our expansion in the health savings and spending accounts market,\u201d said Rob Grubka, CEO of Health Solutions for Voya Financial. \u201cWith the closing of this transaction, we have added new capabilities, products and clients to Voya\u2019s existing health and wealth solutions. Equally important, there is a great cultural fit between Voya and the Benefit Strategies team, as both organizations are focused on helping working Americans take advantage of the many benefits of workplace-based savings accounts.\u201d\n<\/p>\n

\nThrough the acquisition, Paul Smith, CEO and founder, Benefit Strategies, and the entire Benefit Strategies team of approximately 150 employees have joined Voya as part of its Health Solutions business.\n<\/p>\n

\n\u201cWe are very excited to join our new colleagues at Voya as we work together to advance our collective focus on delivering a differentiated offering to the health savings and spending accounts market,\u201d said Smith. \u201cSince we announced the transaction in early May, I have had more opportunities to get to know the team at Voya, and I\u2019m impressed by their commitment at taking a customer-centric approach to helping clients address their many financial wellness needs. As employees increasingly turn to the workplace for help to advance the financial well-being of their household, we are well positioned to offer solutions that intersect health and wealth.\u201d\n<\/p>\n

\nIn addition to significantly adding to Voya\u2019s existing health savings and spending accounts business, the transaction further enables Voya to leverage its expertise and capabilities in its Investment Management business, which currently manages invested assets in Voya\u2019s health savings accounts.\n<\/p>\n

\nAs an industry leader focused on the delivery of health, wealth and investment solutions to and through the workplace, Voya Financial is committed to delivering on its mission to make a secure financial future possible for all Americans \u2014 one person, one family, one institution at a time.\n<\/p>\n

About Voya Financial\u00ae<\/sup><\/b><\/p>\n

\nVoya Financial, Inc. (NYSE: VOYA), provides health, wealth and investment solutions that enable its approximately 14.8 million individual, workplace and institutional clients to achieve their financial wellness goals with confidence. With a vision to be America\u2019s Retirement Company\u00ae<\/sup>, Voya\u2019s products, solutions and digital capabilities help create a better financial future for all. Voya is a Fortune 500<\/i> company that had $7.6 billion in revenue in 2020 and $729 billion in total assets under management and administration as of March 31, 2021. Certified as a \u201cGreat Place to Work\u201d by the Great Place to Work\u00ae<\/sup> Institute, Voya is equally committed to conducting business in a way that is socially, environmentally, economically and ethically responsible. Voya has earned recognition as one of the World\u2019s Most Ethical Companies\u00ae<\/sup> by the Ethisphere Institute; as the No. 1-ranked financial services firm among Barron\u2019s<\/i> 100 Most Sustainable Companies for three consecutive years; as a member of the Bloomberg Gender-Equality Index; and as a \u201cBest Place to Work for Disability Inclusion\u201d on the Disability Equality Index. For more information, visit voya.com<\/a>. Follow Voya Financial on Facebook<\/a>, LinkedIn<\/a> and Twitter @Voya<\/a>.\n<\/p>\n

\nVOYA-EB VOYA-IR VOYA-CF\n<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20210701005843\/en\/<\/a><\/span><\/p>\n

Media Contact:
\n<\/b>
Bill Sutton
\n
(315) 373-9685
\n
william.sutton@voya.com<\/a><\/p>\n

Investor Contact:
\n<\/b>
Michael Katz
\n
(212) 309-8999
\n
IR@voya.com<\/a><\/p>\n

KEYWORDS:<\/b> United States North America New York<\/p>\n

INDUSTRY KEYWORDS:<\/b> Professional Services Health Practice Management Insurance Managed Care Finance Banking<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
\"Logo\"<\/td>\n<\/tr>\n
<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Voya Financial completes acquisition of Benefit Strategies, LLC Transaction supports Voya\u2019s workplace-centered business model and increases its position in the growing health savings and spending accounts market NEW YORK–(BUSINESS WIRE)– Voya Financial, Inc. (NYSE: VOYA), announced today that it has completed the acquisition of Benefit Strategies, LLC, a leading third-party administrator of health savings and spending accounts. Benefit Strategies provides administrative services for COBRA, direct billing, flexible spending accounts (FSAs), health savings accounts (HSAs), health reimbursement arrangements (HRAs) and other services to more than 3,400 employers and nearly 370,000 participant accounts throughout the U.S. \u201cWe are excited to bring the talent and expertise of the Benefit Strategies team to Voya to help advance Voya\u2019s workplace growth strategy and accelerate our … <\/p>\n

Continue reading “Voya Financial completes acquisition of Benefit Strategies, LLC”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-509104","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nVoya Financial completes acquisition of Benefit Strategies, LLC - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/voya-financial-completes-acquisition-of-benefit-strategies-llc\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Voya Financial completes acquisition of Benefit Strategies, LLC - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Voya Financial completes acquisition of Benefit Strategies, LLC Transaction supports Voya\u2019s workplace-centered business model and increases its position in the growing health savings and spending accounts market NEW YORK–(BUSINESS WIRE)– Voya Financial, Inc. 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Benefit Strategies provides administrative services for COBRA, direct billing, flexible spending accounts (FSAs), health savings accounts (HSAs), health reimbursement arrangements (HRAs) and other services to more than 3,400 employers and nearly 370,000 participant accounts throughout the U.S. \u201cWe are excited to bring the talent and expertise of the Benefit Strategies team to Voya to help advance Voya\u2019s workplace growth strategy and accelerate our … Continue reading "Voya Financial completes acquisition of Benefit Strategies, LLC"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/voya-financial-completes-acquisition-of-benefit-strategies-llc\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-07-01T20:18:18+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&sty=20210701005843r1&sid=flmnd&distro=nx&lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/voya-financial-completes-acquisition-of-benefit-strategies-llc\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/voya-financial-completes-acquisition-of-benefit-strategies-llc\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Voya Financial completes acquisition of Benefit Strategies, LLC\",\"datePublished\":\"2021-07-01T20:18:18+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/voya-financial-completes-acquisition-of-benefit-strategies-llc\\\/\"},\"wordCount\":667,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/voya-financial-completes-acquisition-of-benefit-strategies-llc\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&sty=20210701005843r1&sid=flmnd&distro=nx&lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/voya-financial-completes-acquisition-of-benefit-strategies-llc\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/voya-financial-completes-acquisition-of-benefit-strategies-llc\\\/\",\"name\":\"Voya Financial completes acquisition of Benefit Strategies, LLC - 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