Voya Financial completes acquisition of Benefit Strategies, LLC
Transaction supports Voya's workplace-centered business model and increases its position in the growing health savings and spending accounts market
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.
"We are excited to bring the talent and expertise of the Bene