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WageWorks buys Tango Health's health savings account biz

WageWorks Inc. has acquired Tango Health Inc.'s health savings account business, including the latter's health savings account technology platform and client portfolio.

With this deal, Tango Health exited the health savings account business to focus on its core offerings, Tango Health CEO and Founder Todd Praisner said.

WageWorks administers consumer-directed benefits.