Sedgwick CMS Announces Intent to Acquire the Assets of Nationwide Better Health's Productivity Solutions
MEMPHIS, Tenn., May 25, 2011 /PRNewswire/ -- Sedgwick Claims Management Services, Inc. (Sedgwick CMS) today announced that they have signed an agreement with Nationwide Better Health, a subsidiary of Nationwide®, to purchase the assets of its Productivity Solutions business.
Headquartered in Columbus, Ohio, Nationwide Better Health is a leading provider of health and productivity management solutions aimed at improving the health and productivity of America's workforce. The Productivity Solutions division specializes in integrated absence management and leave programs that help clients reduce their occupational health care costs and improve workplace productivity.
Sedgwick CMS is the largest North American provider of innovative claims and productivity management solutions to small, mid-sized, and large organizations. The company provides claims administration, managed care, program management, and related services.
"Today companies are seeking new and innovative ways to better manage employee absences and improve the overall productivity of their business," said Sedgwick CMS President and CEO David A. North. "We look forward to bringing together these two exceptional organizations for the benefit of our customers and business partners."
The strategic acquisition of Nationwide Better Health's Productivity Solutions division further solidifies Sedgwick CMS' status as a leading provider of disability and absence management services. It also expands the company's established presence in the state of Ohio where its national bill review operations and subsidiaries of the CompManagement Partner Companies are based. Sedgwick CMS plans to extend employment offers to the client service teams of Nationwide Better Health's Productivity Solutions, with additional employment opportunities available as of closing. Client services will remain in Ohio.
The transaction is expected to close during the second quarter of 2011.
Nationwide, based in Columbus, Ohio, is one of the largest and strongest diversified insurance and financial services organizations in the U.S. and is rated A+ by A.M. Best. For more information, visit www.nationwide.com
Sedgwick Claims Management Services, Inc. is the leading North American provider of innovative claims and productivity management solutions. Sedgwick CMS and its affiliated companies deliver cost-effective claims administration, managed care, program management, risk consulting and related services to clients through the expertise of approximately 8,500 colleagues in more than 170 offices in the U.S. and Canada. The company specializes in workers' compensation; disability, FMLA and other employee absence; general, automobile and professional liability; alternative markets; and warranty and credit card claims services as well as Medicare compliance solutions. For more see www.sedgwickcms.com.
© 2011 Sedgwick Claims Management Services, Inc.
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