Future Health Acquired by Nationwide Mutual Insurance
FutureHealth Acquired by Nationwide Mutual Insurance
Columbus, Ohio – Nationwide Mutual Insurance Company announced today that it has signed a definitive agreement to acquire FutureHealth Corporation, a Hunt Valley, Maryland-based population health management company, in a move that expands Nationwide’s health and productivity offerings. Nationwide’s health and productivity business provides employers with integrated services to reduce the costs related to their employees’ health care and absences.
Terms of the acquisition were not released and are subject to shareholder approval.
FutureHealth’s capabilities complement those of GatesMcDonald, a Nationwide company and premier Absence and Disability Management administrator. Together, they form a unique combination of health and productivity solutions for employers and their employees.
“Nationwide is committed to helping people protect and manage their most important assets, including their health,” said Jerry Jurgensen, chief executive officer of Nationwide. “The addition of FutureHealth expands our ability to help employers control the high costs associated with absence, illness and injury. In addition, this transaction enhances Nationwide’s position within the growing multi-billion-dollar health and productivity market and underscores our dedication to providing customers with innovative solutions customized to meet their needs.”
FutureHealth provides disease, maternity, case and utilization management services, as well as health and wellness offerings and a nurse advice and triage line. FutureHealth’s disease management services help educate employees dealing with chronic illnesses on ways to better manage their conditions and improve their overall health.
“Our focus has always been to manage what matters,” said Claire Rossé, chief executive officer of FutureHealth. “Employers continue to look for innovative ways to help manage the health and wellness of their employees. Over the last decade, we have developed a unique set of skills, processes and capabilities that have enabled us to reduce our clients’ medical costs and utilization, while improving the quality of patient care within their employee populations. By joining Nationwide, we’ll have the ability to meet a much broader set of customer needs through an expanded portfolio of product offerings.”
The acquisition of FutureHealth is an important element of Nationwide’s efforts to help employers manage health care and absence costs, which are expected to continue to rise at a rate of about 10 percent per year.
Nationwide is also focused on developing additional enhancements to its key health and productivity offerings that will increase employees’ abilities to monitor and maintain their health. Holly Snyder, senior vice president, will lead the health and productivity business for Nationwide.
“We’re very excited to welcome FutureHealth to the Nationwide family of companies,” said Jurgensen. “The combination of GatesMcDonald and FutureHealth supports our ability to improve the well-being of individual employees and positively influence health care costs, productivity and absenteeism.”
FutureHealth will continue to be headquartered in Maryland and operate under the current management team.
Nationwide, based in Columbus, Ohio, is one of the largest diversified insurance and financial services organizations in the world, with more than $157 billion in assets. Nationwide ranks #99 on the Fortune 100 list. The company provides a full range of insurance and financial services, including auto, homeowners, life, commercial insurance, administrative services, annuities, mutual funds, pensions and long-term savings plans. The Nationwide companies include the country’s seventh-largest property/casualty, the fourth-largest homeowners, the sixth-largest auto insurance group and the country’s largest farm owners insurer. Nationwide Life Insurance Company, the major subsidiary of Nationwide Financial, ranks 11th in assets according to A.M. Best. For more information, visit www.nationwide.com.
Based in Hunt Valley, Maryland, FutureHealth is a population health management company offering employers solutions to help them better manage the cost and complexity of health care. Founded in 1992 by Claire B. Rossé, FutureHealth’s 190 employees provide URAC accredited disease, case, utilization and maternity management services, as well as health and wellness offerings and a nurse advice and triage line, to more than 800,000 individuals nationwide. For more information, visit www.futurehealth.net
With a proven track record of facilitating the safe and timely return to work of tens of thousands of employees, GatesMcDonald is the nation’s leading provider of Total Absence Management. Founded in 1929, GatesMcDonald employs more than 750 associates in 10 offices throughout the United States. Nationally, the company assists thousands of organizations in saving millions of dollars annually through customer-specific absence management solutions. GatesMcDonald is a wholly owned subsidiary of Nationwide and is headquartered in Columbus, Ohio. GatesMcDonald is an important part of Nationwide’s health and productivity business, which provides employers with integrated services to reduce the costs related to their employees’ health and absences. For more information, visit www.gatesmcdonald.com.
Nationwide and the Nationwide Framework are federally registered service marks of Nationwide Mutual Insurance Company. On Your Side is a service mark of Nationwide Mutual Insurance Company.
GatesMcDonald is a federally registered service mark of Gates, McDonald & Company.