Canopy Acquires CareGain

Medford, Cassimir
October 2008
Red Herring;10/14/2008, p2
Trade Publication
This article reports on the acquisition of CareGain by Canopy Financial, a company that creates products that help banks manage consumer-controlled health savings accounts. The deal is an effort by Canopy to broaden its reach in the emerging consumer-driven health care market in the U.S. It is also an effort by the company to cover its bases in an uncertain market.


Related Articles

  • Canopy Financial Links HSAs With the Eco-Friendly. DI GIOVANNI, MYRIAM // Credit Union Times;3/4/2009, Vol. 20 Issue 9, p18 

    The article reports on the sustainable services being offered by the company Canopy Financial, a health care banking technology solutions provider. The company's Green HSA offers paperless accounts of consumers through electronic statements that would eliminate over 39 million pounds of wasted...

  • HSA Balances Decline Sharply.  // CU360;3/30/2009, Vol. 35 Issue 6, p8 

    The article reports on the findings of the study conducted by Canopy Financial regarding the health investment accounts in the U.S. as of the third quarter of 2008. According to Canopy Financial, heath savings account (HSA) and health investment account (HIA) balances in the third quarter of...

  • Fiserv Buys HSA, Related-Product Manager.  // American Banker;1/10/2006, Vol. 171 Issue 6, p9 

    This article reports on Fiserv Inc. announcing that it has bought CareGain Inc. in order to manage consumer-directed health plans and related health-care savings accounts. CareGain is to operate as a business unit of Fiserv Health a provider of health plan administration and business process...

  • Canopy Financial Banks $15M. Medford, Cassimir // Red Herring;1/10/2008, p4 

    The article reports on the $15 million funding received by Canopy Financial, a provider of health insurance-related online banking interfaces and processing services. The transaction is led by Granite Global Ventures. In total, the company has already raised $21 million which it will be using to...

  • Healthy growth.  // Smart Business Northern California;Jul2009, Vol. 2 Issue 8, ps6 

    The article profiles Vikram Xashyap, founder and chief executive officer (CEO) of Canopy Financial Inc. in the U.S. He founded the company in 2004 with the purpose of creating a special bank to handle health savings accounts (HSAs). He developed a custom software application when he found that...

  • Survey Finds Drop in HSA Balances.  // American Banker;1/28/2009, Vol. 174 Issue 18, p13 

    This article discusses research by Canopy Financial Inc. into a decline in the level of health savings and health investment account balances during the third quarter of 2008. Canopy analysts suggest that these declines are relatively modest when compared with the declines in other savings...

  • CDH portal provides employees entry point into individual market. Hirschman, Carolyn // Employee Benefit News;Apr2008, Vol. 22 Issue 4, p34 

    The article focuses on MyCanopy.com, a web portal from Canopy Financial which enables U.S. employees to purchase, using money given by their employers, an individual high-deductible health plan with a health savings account. It says that this portal features offerings from 50 insurance carriers...

  • NewsMakers.  // Health Management Technology;Feb2006, Vol. 27 Issue 2, p82 

    Offers news briefs on the health care industry in North America as of February 2006. Plan of Spheris, global outsource provider of medical transcription technology and services, to purchase Vianeta Communications, developer and supplier of enterprisewide clinical documentation software;...

  • DaVita to Pay $4.41 Billion for HealthCare Partners.  // MondayMorning;6/4/2012, Vol. 20 Issue 22, p1 

    The article informs that HealthCare Partners Inc. would be purchased by DaVita Inc. for about 4.41 billion dollar in cash and stock to expand into broader medical services. According to Gary Lieberman, an analyst with Wells Fargo Securities, the deal has been done to provide more comprehensive...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics