Aon Sells Retiree Health Exchange to Alight

Healthcare
Technology & Services

Aon sale of Retiree Health Exchange to Alight


Summary

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.

Baird served as the exclusive financial advisor to Aon plc on this transaction.

About

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.
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Healthcare
Technology & Services

Aon sale of Retiree Health Exchange to Alight

Date
June 2021
Company
Aon plc
Transaction
M&A - Sellside
Sectors
Healthcare
Technology & Services
Verticals
Healthcare IT & Services
Pharmaceutical Services
Business Process Outsourcing
Human Capital Technology & Solutions
IT Services, Security & Networking
Knowledge Solutions
Marketing & Information Services
Target Location
Europe
Acquiror Location
North America

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