Benefits and Retirement Actors: athenahealth, Janus Henderson Group, Nationwide, Cigna
Acquisitions affecting employee benefits and retirement are on the increase, a veritable tsunami of mergers and acquisitions. But we are also seeing more announcements of executive retirements, as well as interesting collaborations and partnerships.
Wealthspire Advisors has agreed to acquire Private Ocean, a trust wealth management company with assets of $ 2.7 billion. Founded in 2009, Private Ocean is the combination of two of the oldest private wealth management firms in the San Francisco Bay Area: Salient Wealth Management and Friedman & Associates. Greg Friedman, CEO and Founder of Private Ocean was honored by BenefitsPRO’s sister publication, ThinkAdvisor, in its 2021 LUMINAIRES class.
VSP Global has announced a partnership with Black EyeCare Perspective, a non-profit organization dedicated to redefining the color of the eye care industry 1% at a time. As part of this partnership, VSP Global signed the 13% Pledge, an initiative to increase equity and representation of black students in the eye care industry to better reflect the 13% black in the population. current American. Additionally, the partnership will include annual scholarships for black third-year optometry students; leadership development programs; mentoring, and more.
Voya Investment Management has agreed to acquire a small cap growth specialist Tygh Capital Management. Following the closing of the transaction, current TCM employees will join Voya IM, including Richard johnson (CEO and CIO), Jeff curtis (President and Chief Financial Officer) and the portfolio management team of Michael Coyne, CFA; Scott Haugan, CFA; and Mitchell Brivic, CFA.
Nationwide’s pet insurance business and Cigna work together to educate seniors on how to reap the health benefits of owning a pet and how pet health insurance companionship can help them protect companions who are so essential to their well-being. Through this collaboration, seniors are encouraged to learn more about protecting their health with Cigna and protecting their pet’s health with Nationwide.
Janus Henderson Group announced that the CEO Dick weil will retire effective March 31, 2022. The Board of Directors has initiated an internal and external search process to identify a successor. To ensure a smooth transition, Weil will remain in office until March and will assist Janus Henderson in the transfer of responsibilities, as a consultant to the company until the end of June.
Horizon Investments has announced two key promotions within its leadership team:
- Danielle learned was promoted from director of client operations to chief of staff. She is the first woman to join Horizon’s executive committee.
- Stephen terry was promoted from Head of Finance to Chief Financial Officer.
Ceridian, a provider of human capital management (HMC) technology, has acquired all of the assets of DataFuZion HCM, an HCM technology company. The acquired technology includes specific functionality for certified payroll reports, effective wage rate calculations, incentive payments, union rate calculations and complex general ledger reports.
athenahealth Inc., a provider of cloud-based enterprise software solutions for medical groups and healthcare systems, has agreed to be jointly acquired by affiliates of Bain Capital and Hellman & Friedman for $ 17 billion. The investor group also includes Veritas Capital and Evergreen Coast Capital, which will each retain a minority investment in athenahealth, as well as other new co-investors, including GIC, the sovereign wealth fund of Singapore, and a wholly owned subsidiary of the ‘Abu Dhabi Investment Authority (ADIA).
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