Humana Acquires Harris, Rothenberg International
Posted: August 9, 2012 at 5:19 pm
LOUISVILLE, Ky.--(BUSINESS WIRE)--
Humana Inc. (HUM) announced today it has acquired Harris, Rothenberg International, Inc. (HRI), a provider of work/life services and employee assistance programs. Terms were not disclosed.
HRI currently serves approximately 5.5 million people in the U.S. and another 70,000 internationally. Now in its 31st year, HRI provides services to employers assisting employees in dealing with personal issues ranging from emotional, financial and legal problems to child/elder care needs to alcoholism and drug abuse. HRIs services include employee coaching and training.
Employee Assistance Programs and work-life programs are key elements of Humanas total well-being approach to helping people lead healthier lives, said Sean Slovenski, leader of Humanas Health and Productivity Solutions unit. HRI will help facilitate the expansion of Humanas EAP and work-life offering integrating and enhancing many aspects of the offering.
Additionally, HRI will open a new pathway for growth as Humana creates a product that better addresses 3rd party and Humana internal customer needs.
HRIs highly customizable offering directs members or their caregivers to value-added services while also offering certain ancillary products that assist employees with day-to-day life issues. The acquisition will support Humanas efforts to help employer-customers reduce health care spending while also targeting productivity challenges. Loss of productivity due to problems with presenteeism, absenteeism, health issues and disabilities represents up to 10 percent of a typical employers payroll expense.1
Were looking forward to helping Humanas members live healthier lives, said Edward Trieber, J.D., Ph.D., President and Chief Executive Officer of HRI. Over the years, we have helped our employer-customers and their employees achieve greater success at work and in life by providing industry-leading employee assistance programs and work-life services.
Humanas acquisition of HRI is not expected to materially impact Humanas financial earnings guidance for the year ending December 31, 2012.
1Institute for Health and Productivity Studies, Cornell University
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Humana Acquires Harris, Rothenberg International
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