July 6, 2016 – Houston, TX – A successful three-year partnership leads to a seamless combination of benefit administration and delivery technologies. Empyrean Benefit Solutions, Inc., the Hi-Touch Benefits Administration company, announced today that it has acquired its strategic partner, Bloom Health Corp., a leading provider of digital benefit delivery solutions based in Minneapolis, Minnesota.
“Bloom has been a great innovation partner for us,” said Richard Wolfe, Empyrean’s co-founder and CEO. “We saw an opportunity to build on and accelerate our mutual success by combining forces, and we are excited to welcome Bloom’s employees, customers, and partners to the Empyrean family.”
Empyrean’s purpose-built benefits administration technology platform is already fully-incorporated into Bloom’s employee benefit delivery solutions. Together, the companies are currently serving hundreds of employers, and in the process have demonstrated the ability to deliver benefit solutions to companies ranging from 50 to tens of thousands of lives.
Prior to this transaction, Bloom’s majority owners were Anthem, Inc., Blue Cross and Blue Shield of Michigan and Health Care Service Corporation. All three insurers will continue to provide plans through the combined company.
Click on the external link below to review the entire article: