Baird's Investment Banking Group is pleased to announce the following transaction:

Date:
June 2021
Company:
Aon plc
Description:
Sale of Aon Retiree Health ExchangeTM to Alight Solutions
Sector(s):
Healthcare
Baird served as the exclusive financial advisor to Aon plc on this transaction

Aon plc (“Aon”) (NYSE:AON) has signed a definitive agreement to sell Aon Retiree Health ExchangeTM (“Retiree Health Exchange” or the “Business”) to Alight Solutions (“Alight”). The announced divestiture is contingent on required regulatory approvals and clearances, as well as other customary closing conditions. Terms of the transaction were not disclosed.

Aon is a leading professional services firm providing a broad range of risk, retirement and health solutions. Aon’s 50,000 colleagues in 120 countries empower results for clients by using proprietary data and analytics to deliver insights that reduce volatility and improve performance. Aon is headquartered in Dublin, Ireland.

Retiree Health Exchange is an individual market solution that supports employers and their retirees with long-term engagement necessary to secure appropriate healthcare coverage. Through Retiree Health Exchange, individuals can compare and enroll across a broad range of Medicare Advantage, Medicare Supplement, Medicare Part D and voluntary benefit plans using the Business’s powerful decision support technology and expert benefit guidance. Retiree Health Exchange was the first retiree exchange to meet the National Council on Aging (NCOA) standards and continues to meet or exceed those rigorous standards of excellence in consumer education and health insurance brokerage services for people with Medicare.

Alight leverages proprietary artificial intelligence and data analytics to optimize business process as a service (BPaaS) to deliver superior outcomes for employees and employers across a comprehensive portfolio of services. Alight allows employees to enrich their health, wealth and work while enabling global organizations to achieve a high-performance culture. Alight is headquartered in Lincolnshire, Illinois.

For additional information about this transaction, please contact:

Nick Anderson +1-312-609-7061
Bill Suddath +1-312-609-5441
Todd Noffke +1-312-609-7006
Miguel Mireles +1-414-298-2478
Andrew Nicholson +44-20-7667-8509