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Kohlberg Kravis Roberts & Co. L.P. (together with its affiliates “KKR”) and the American Heart Association (AHA) are teaming up to help create a healthier workforce.
Together, KKR and the American Heart Association are launching the first-of-its-kind research collaboration to study the effectiveness of workplace wellness initiatives offered at KKR and its portfolio companies. The research effort will be based on aggregate data collected from the portfolio companies enrolled in the KKR Wellness Works program.
Since its inception, several of KKR’s private equity portfolio companies in the United States have been active participants in developing the KKR Wellness Works Model. Currently, the four participating portfolio companies, which encompass more than 140,000 employees, include First Data Corporation, HCA Holdings, Inc., Sealy Corporation and Visant Corporation.
Wellness Works provides a best practice model which participating companies follow in developing their individual wellness programs. At a minimum, the companies commit to providing employees with incentives of $250 or more, for completing certain wellness requirements, including completing an annual biometric screening. The results from the screening along with health management resources are provided to the employees to allow them to optimize their screening results. These resources can include access to health coaching, incentives tied to making lifestyle changes and tools for tracking and reducing health risks among others.
George Roberts, co-founder and Co-CEO, said KKR believes healthier employees help create successful companies and the alliance with the American Heart Association will help improve both the nation’s physical and economic health.
“In terms of the depth and breadth of the initiative, this has the potential to be among the most comprehensive analyses ever conducted on workplace wellness programs,” said Mr. Roberts. “Our goal is to support individuals in improving their wellness thereby building stronger communities and companies. Sharing what we learn will allow other companies to implement more effective workplace wellness programs.”