Equifax Health e(fx) Buy To Help Employers Manage Healthcare Plans

Equifax has announced a new agreement to acquire Health e(fx), which a press release says will be allowing more automation for HR teams.

With the acquisition, friction in HR teams will reportedly go down.

And Equifax will be able to give businesses more information and solutions to help manage their workforces.

Health e(fx) will now become part of Equifax’s Workforce Solutions business unit, the release says.

“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,” said Mark W. Begor, CEO of Equifax. “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.”

“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,” said Walter Gibson, SVP at Equifax Workforce Solutions. “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.”

Equifax also recently named Lisa M. Nelson as its new president. Equifax CEO Mark Begor said Nelson is a hard-working leader who will be responsible for boosting the company’s footprint in five regions and 23 nations.

Read more: Equifax Names Lisa Nelson As President

“Lisa is an impressive global leader who is laser-focused on customers, driving growth, and developing her team,” said Begor. “She is a strong, authentic leader with a proven track record of inspiring teams to achieve results and deliver for our customers. Lisa has clearly demonstrated her ability to develop and deliver on strategic priorities and drive core growth in two significant regions within Equifax.”