ETFOptimize | High-performance ETF-based Investment Strategies

Quantitative strategies, Wall Street-caliber research, and insightful market analysis since 1998.


ETFOptimize | HOME
Close Window

Alight Acquires Leading Absence Management Provider ReedGroup

Building on Alight’s focus on improving the employee experience, the addition of ReedGroup will enable employers and employees to have a more seamless leave experience

Alight Inc., (NYSE: ALIT) a leading cloud-based human capital and technology services provider, today announced it has acquired ReedGroup, an expert in leave management solutions from The Guardian Life Insurance Company of America®.

Alight’s platform strategy, underpinned by Alight Worklife®, is focused on improving the employee experience while driving measurable outcomes for companies and their people. The acquisition of ReedGroup builds upon Alight’s strategy to support employees and their dependents from hire through retire by adding new content, capabilities and products that have the power to change the way that people interact with HR, their benefits and their employer to power more confident decisions for life.

“Combining the strength of ReedGroup with Alight’s full breadth of capabilities will create a more effective leave experience for both employers and employees,” said Andre Walton, executive vice president, insurance solutions at Alight. “When Alight supports workers through their leave with clinical guidance and expert second opinion services and more, we can help workers care for their health and wellbeing during their time on leave and return to work with a thoughtful eye towards improving outcomes for workers and for their employers.”

Serving clients across 6 continents, including nearly 50% of Fortune 100 companies, ReedGroup is one of the nation’s most experienced and data-driven absence management providers, offering outsourcing, co-sourcing, SaaS and clinical guidelines, all tailored to meet the needs of large employers, insurers and healthcare professionals.​

“Alight is leading the employee wellbeing space with products and technology that employers and employees want and need, including the desire for a better employee leave experience. Joining Alight expands the range of offerings we can make to our shared and future clients giving us the ability to make unparalleled innovations in the areas of health and wellbeing,” said Kevin Curry, who served as chief revenue officer at ReedGroup and will be joining Alight to lead the commercial and account management functions for ReedGroup. “ReedGroup’s capabilities help Alight respond to the growing complexity employers are facing as they navigate the ever-changing leave landscape. For over 40 years, we’ve built innovative technologies and offerings that will serve to expand what Alight and ReedGroup can offer their clients.”

Terms of the deal were not disclosed.

About Alight Solutions

Alight is a leading cloud-based human capital technology and services provider that powers confident health, wealth and wellbeing decisions for 36 million people and dependents. Our Alight Worklife® platform combines data and analytics with a simple, seamless user experience. Supported by our global delivery capabilities, Alight Worklife is transforming the employee experience for people around the world. With personalized, data-driven health, wealth, pay and wellbeing insights, Alight brings people the security of better outcomes and peace of mind throughout life’s big moments and most important decisions. Learn how Alight unlocks growth for organizations of all sizes at alight.com.

About ReedGroup

ReedGroup is the largest exclusive tech-enabled provider of absence management solutions to the large employer market in the U.S. and Canada. They provide absence services, disability management and clinical decision support. The business has four core segments, outsourcing, SaaS Canadian outsourcing and MDGuidelines®. ReedGroup serves nearly 50% of Fortune 100’s with operations across the United States, Canada, and India.

Contacts

Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms Of Service.


 

IntelligentValue Home
Close Window

DISCLAIMER

All content herein is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor should it be interpreted as a recommendation to buy, hold or sell (short or otherwise) any security.  All opinions, analyses, and information included herein are based on sources believed to be reliable, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. We undertake no obligation to update such opinions, analysis or information. You should independently verify all information contained on this website. Some information is based on analysis of past performance or hypothetical performance results, which have inherent limitations. We make no representation that any particular equity or strategy will or is likely to achieve profits or losses similar to those shown. Shareholders, employees, writers, contractors, and affiliates associated with ETFOptimize.com may have ownership positions in the securities that are mentioned. If you are not sure if ETFs, algorithmic investing, or a particular investment is right for you, you are urged to consult with a Registered Investment Advisor (RIA). Neither this website nor anyone associated with producing its content are Registered Investment Advisors, and no attempt is made herein to substitute for personalized, professional investment advice. Neither ETFOptimize.com, Global Alpha Investments, Inc., nor its employees, service providers, associates, or affiliates are responsible for any investment losses you may incur as a result of using the information provided herein. Remember that past investment returns may not be indicative of future returns.

Copyright © 1998-2017 ETFOptimize.com, a publication of Optimized Investments, Inc. All rights reserved.