March 3, 2014 – New York – Mercer, a subsidiary of Marsh & McLennan Companies, has reached a definitive agreement to purchase Transition Assist, a retiree exchange specializing in helping retirees in employer-sponsored plans select Medicare supplemental health care insurance.
The retiree exchange offers solutions through a licensed call center and professionally-trained benefits counselors. Transition Assist will become part of the full suite of solutions offered by Mercer Marketplace.
Terms of the transaction were not disclosed.
“This acquisition broadens Mercer Marketplace by providing direct and immediate access to the individual and employer-sponsored retiree market,” said Julio A. Portalatin, Mercer’s President and Chief Executive Officer. “Transition Assist allows our clients to manage costs while offering their retiree population affordable, quality insurance choices with a high-degree of dedicated, personalized support. Furthermore, through this expanded solution Mercer Marketplace also gains the ability to reach individual retirees not eligible for an employer-sponsored plan.”
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