Reed Group, a leading provider of absence management solutions, announced it has acquired the absence management administration business of Aon Hewitt, a global provider of risk management, insurance consultantage and human resources and outsourcing services. In this acquisition, Reed Group adds 200 blue chip customers and 1,300 employees across the United States, Canada and India.
“This acquisition is a game changer for Reed Group. We have always focused on superior service, technology and innovation for our customers, and with this acquisition, we significantly increase our scale and capability,” stated David Roberts, chief executive officer of Reed Group. “In what is an increasingly complex and complicated industry, Reed Group has achieved significant success in delivering solutions for large employers, including many Fortune 500 companies. We have a relentless belief that there is a better way to help employers manage absence and get people back to work and normal life.”
Kristi Savacool, chief executive officer of Aon Hewitt, explained the impetus for the transition. “We have built a comprehensive approach to absence management that enables clients to address complex compliance issues, achieve positive cost management results and promote wellness and return-to-work strategies that build a healthy and productive workforce. We believe Reed Group has the means and strategic intention to further invest and grow the business and deliver added value to clients, and we will maintain a strong relationship with Reed Group to provide comprehensive health solutions with the individual employee in mind.”
“Absence management is our focus,” reiterated Roberts. “We are committed to investing in all aspects of leave and disability administration to drive innovation. Aon Hewitt’s prestigious client base, service capabilities, global reach, experienced employees and technology solutions made this an extremely attractive opportunity for Reed Group.”
Reed Group will maintain its existing teams, locations and technology to serve Reed Group customers. The newly acquired Aon Hewitt absence management administration clients likewise will be served through existing operations for the foreseeable future. Maintaining customer satisfaction and employee engagement are top priorities as the companies combine their absence management administration capabilities.