Humana Acquires Harris, Rothenberg International

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.

HRI currently serves approximately 5.5 million people in the U.S. and another 70,000 internationally. Now in its 31 ^st 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.”

Additionally, HRI will open a new pathway for growth as Humana creates a product that better addresses 3 ^rd 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 Chief Executive Officer 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.

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