HealthEquity Acquires HSA Administrator

September 1, 2011 ( – HealthEquity has acquired health savings account (HSA) administrator First Horizon Msaver from First Tennessee Bank National Association for an undisclosed amount. 

According to a news release, the combined company is the nation’s largest non-bank HSA custodian with more than $600 million in assets under management and 17,000 employer customers.  

Among the added capabilities Msaver customers will see with HealthEquity are access to live 24-hour support, free mutual fund investing within the HSA, and the ability to make online payments to doctors and hospitals.