NEW YORK (AP) — Towers Watson will spend $215 million to buy Liazon Corp., a relatively new company that operates private health insurance exchanges for employer-sponsored benefit plans.
The New York human resources and risk management consultant said the deal will hurt its adjusted earnings in fiscal 2014 by about 10 cents to 15 cents per share, but it will help build its presence in private exchanges. Buffalo, N.Y.-based Liazon was founded in 2007 and operates the Bright Choices Exchange.
The nation's largest drugstore chain, Walgreen Co., and other businesses have moved their employee-sponsored health coverage in recent years to private insurance exchanges.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
