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<\/figure>\n\n\n\nHCSC is the largest customer-owned health insurer in the United States serving more than 17 million members.<\/p>\n\n\n\n
“Today’s employers are facing increasing pressures and challenges,” said Kevin Cassidy, president, national accounts, HCSC. “With this acquisition, we’re making it easier for employers of all sizes to have access to our expansive provider networks, our data-driven insights and coordinated approach to care that focuses on quality and value. This isn’t a one-size-fits all world \u2013 and we recognize that Health Benefits can help give more customers access to our service strengths.”<\/p>\n\n\n\n
Trustmark, a leading national employee benefits provider, offers voluntary benefits, fitness management solutions and small-group health plan administration.<\/p>\n\n\n\n
“With this transaction, I am confident that, with HCSC, Health Benefits and its associates will be well-positioned for future success,” said Trustmark President and CEO, Kevin Slawin. “Trustmark will focus on markets where we can grow in the future, deliver differentiated capabilities for our clients and members and lead at a national level. In an evolving work environment, we will accelerate our efforts to become vastly more consequential in the markets we serve by helping employers offer benefits that build engaged, healthy teams.”<\/p>\n\n\n\n Health Benefits will continue to support its existing employers and members with the same level of service following the acquisition.<\/p>\n\n\n\n “HCSC has been a highly valued customer for several years,” said\u00a0Nancy Eckrich, President, Trustmark Health Benefits. “We see this as a culmination of that relationship, and the entire Health Benefits<\/a> team is looking forward to further expanding our reach to offer more employers flexible, customized benefit solutions, now backed by the resources and relationships of HCSC.”<\/p>\n\n\n\n Completion of the transaction is subject to customary closing conditions, including regulatory approvals, and is expected to close later this year.<\/p>\n\n\n\n Barclays acted as exclusive financial advisor and Foley & Lardner LLP served as legal counsel to HCSC. Houlihan Lokey acted as exclusive financial advisor and Latham & Watkins LLP served as legal counsel to Trustmark in connection with the transaction.<\/p>\n\n\n\nSource: PR Newswire<\/a><\/span>\n\n\n\n <\/p>\n","protected":false},"excerpt":{"rendered":"![\"\"](\"https:\/\/distilinfo.com\/healthplan\/wp-content\/uploads\/sites\/2\/2022\/08\/16-2.jpg\")
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