Company a pioneer and leader in HR strategy, leadership development and workforce productivity
LOUISVILLE, Ky.–(BUSINESS WIRE) — Humana Inc. (NYSE: 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.
“Employee Assistance Programs and work-life programs are key elements of Humana’s ‘total well-being’ approach to helping people lead healthier lives”
HRI currently serves approximately 5.5 million people in the United States 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. HRI’s services include employee coaching and training.
“Employee Assistance Programs and work-life programs are key elements of Humana’s ‘total well-being’ approach to helping people lead healthier lives,” said Sean Slovenski, leader of Humana’s Health and Productivity Solutions unit. “HRI will help facilitate the expansion of Humana’s EAP and work-life offering – integrating and enhancing many aspects of the offering.”
A new pathway for growth
Additionally, HRI will open a new pathway for growth as Humana creates a product that better addresses 3rd party and Humana internal customer needs.
HRI’s 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 Humana’s 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 employer’s payroll expense.1
“We’re looking forward to helping Humana’s members live healthier lives,” said Edward Trieber, J.D., Ph.D., president and CEO 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.”
Humana’s acquisition of HRI is not expected to materially impact Humana’s financial earnings guidance for the year ending December 31, 2012.
Humana Inc., headquartered in Louisville, Ky., is a leading health care company that offers a wide range of insurance products and health and wellness services that incorporate an integrated approach to lifelong well-being. By leveraging the strengths of its core businesses, Humana believes it can better explore opportunities for existing and emerging adjacencies in health care that can further enhance wellness opportunities for the millions of people across the nation with whom the company has relationships.