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New York, N.Y., January 4, 2013 –  The Guardian Life Insurance Company of America (“Guardian”), one of the nation’s largest mutual life insurers and a leading provider of employee benefits, today announced that it has acquired Westminster, Colorado-based Reed Group, a recognized leader in absence management services that help employers comply with federal and state regulation and get employees back to work quickly and safely.

Reed Group will operate as an independent, wholly owned subsidiary of Guardian, retain its name and continue to serve all of its customers as it does today. Specifically, Reed Group helps its customers reduce the cost, compliance risk and complexity of employee absences. Its products and services address FMLA, ADA, state leaves, company leave plans, and short- and long-term disability programs.

This acquisition expands Guardian’s disability and absence management portfolio, further demonstrating the company’s commitment to innovative employee benefit solutions and meeting the needs of employers.

Commenting on the transaction, Deanna Mulligan, President and Chief Executive Officer of Guardian said, “Reed Group is well recognized and respected in the marketplace with a proven track record of ensuring workplace productivity and compliance for customers.  We look forward to helping ensure their continued success in the markets they serve and working with them to seek out new opportunities.”

David Roberts, Chief Executive Officer of Reed Group, added, “We are excited to have our long-term home as part of Guardian.  We share their commitment to providing excellent absence management services to employers and employees. All of our customers can expect a continued high level of service from Reed Group and, backed by the strength of a Fortune 500 company, we will take advantage of new opportunities.”

Reed Group will continue to operate, and invest in, its current three divisions:  Reed Group Services to help manage and administer claims and absences; LeavePro™, a software solution that helps employers manage absences; and MDGuidelines™, a web-based return-to-work toolkit.

Terms of the transaction were not disclosed.  Cain Brothers & Company, LLC served as exclusive financial advisor to Reed Group on the transaction.  DLA Piper served as legal counsel to Reed Group.

 

About Guardian

A mutual insurer founded in 1860, The Guardian Life Insurance Company of America and its subsidiaries are committed to protecting individuals, business owners and their employees with life, disability income and dental insurance products, and offer funding vehicles for 401(k) plans, annuities and other financial products. Guardian operates one of the largest dental networks in the United States, and protects more than six million employees and their families at 115,000 companies. The company has approximately 5,000 employees in the United States and a network of over 3,000 financial representatives in more than 80 agencies nationwide.

For more information about Guardian, please visit www.GuardianLife.com.

About Reed Group

Headquartered in Westminster, Colorado, Reed Group has been a trusted partner to employers, insurers, TPAs, government organizations, attorneys, and health care providers for over 30 years. Reed Group’s world-class team of clinical and absence management experts helps organizations deploy Reed Group products and services to improve employee health and productivity.

Learn more at www.reedgroup.com or www.mdguidelines.com.

Contact:

CooperKatz & Co.
Dan Bullock
Tel: 917-595-3054
dbullock@cooperkatz.com

APCO Worldwide
John Dudzinsky / Jessica McCormick
Tel: 212-300-1800
jdudzinsky@apcoworldwide.com / jmccormick@apcoworldwide.com

 

 

Compliance Team

Compliance Team

James Venable, JD, SPHR, is the Vice President of Employment Law, Absence and Accommodation Compliance at ReedGroup, where he provides expertise in Absence Management Compliance and Employee Relations Counseling. Mr. Venable has more than 20 years of experience across senior roles in Legal, Human Resources, and Compliance from several Fortune 500 companies. Mr. Venable joined ReedGroup in April 2018 after serving as Vice President of Human Resources, Employee Relations, Labor Relations, Compliance and Environmental Health and Safety for Comcast, where he was responsible for engagement and labor relations activities for the company’s West Division Business Unit.

Lori Welty, Esq. is a Compliance Attorney at ReedGroup. Ms. Welty provides expertise in all areas of state and federal leave law, including Family and Medical Leave Act (FMLA), the Americans with Disabilities Act (ADA), and their state law equivalents as well as disability and family leave benefits. Ms. Welty is an ongoing author of ReedGroup’s LeaveAdvisor online reference tool, as well as many other white papers and articles.

Sheri Pullen is a Compliance Analyst at Reed Group. Ms. Pullen develops leave of absence and disability content across a variety of platforms and provides compliance analysis, direction, and expertise regarding the Family and Medical Leave Act (FMLA), Americans with Disabilities Act (ADA), state leave laws, and ERISA as it relates to disability plans. Ms. Pullen has a strong compliance-focused background comprised of more than 20 years of experience in writing, editing, business analysis, and consulting.

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