Benefits industry newsmakers: Gravie, Collective Health, HCSC, Marathon Health, NAPA

Employee benefits and retirement industry companies and organizations are having a busy spring. Here’s a quick review of recent promotions, new hires, partnerships, and awards.

Seyfarth announced the appointment of Mandana Massoumi to its Labor & Employment Department in Los Angeles. Massoumi joins from Manatt, Phelps & Phillips, LLP. She is a seasoned litigator, and a California specialist with extensive experience defending employers. Her practice also includes advice and counsel, training, investigations, audits, and workplace policies.

Salary Finance announced a new round of funding from Community Investment Management (CIM), an institutional impact investment firm. The investment of $150 million over the next three years will be used to help fund low-cost loans for working Americans struggling with financial stress.

The National Association of Plan Advisors (NAPA ) announced its Top DC Advisor Teams, ranked by self-reported DC assets under advisement.

Marathon Health announced the appointments of Jeff Wells MD, Michael Van Atter, Mandy Berman and Matt Weissert to new senior leadership positions on the company’s executive team:

• Jeff Wells MD, has been appointed CEO of Marathon Health. Wells succeeds Jerry Ford who retired as Chief Executive Officer but will remain a Board member and strategic advisor.  Wells joined Marathon Health as president in 2020, as part of the company’s merger with OurHealth.
• Michael Van Atter joins as Chief Financial Officer. Van Atter served as CFO at Vein Clinics of America where he was responsible for financial planning and analysis, accounting, managed care contracting, and development.
• Mandy Berman has been promoted to Chief Operating Officer. Before joining Marathon Health, Berman was Chief Operating Officer at 42 North Dental.
• Matt Weissert joins Marathon Health as Senior Vice President of Client & Care Team Experience. Prior to joining Marathon Health, Weissert led Operations and Customer Success at Hazel Health.

Holmes Murphy was recently awarded a 2021 Iowa Employer Support of the Guard and Reserve (ESGR) State Chair Award. Organizations that receive this award are nominated by current employees working for the company, and selections are made based on companies that consistently exemplify outstanding relations and support to service members and their families.

Health Care Service Corporation (HCSC) and Collective Health announced a strategic relationship. HCSC will offer new and existing customers access to Collective Health’s digital platform and services, beginning with self-funded customers in Illinois and Texas. In connection with the strategic relationship, HCSC also will invest in Collective Health, subject to regulatory approval.

Gravie announced it has raised $28 million in a Series D round of financing led by AXA Venture Partners (AVP), with participation from existing investors FirstMark Capital, Split Rock Ventures and Revelation Partners. The capital will be used to fuel Gravie’s continued growth through investments in product and technology, sales and marketing, and expansion into new markets through new and existing distribution channels.

READ MORE:

• Benefits industry newsmakers: Benefits Advisors Network, Nectar, Emburse, Lifesum
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