Marsh & McLennan Buys Integrity HR To Boost Employee Health & Benefits Business

Marsh & McLennan Companies Inc MMC announced the buyout of Integrity HR, Inc. for an undisclosed term.

The acquisition of this human resources consulting firm will boost MMC's national Employee Health & Benefits division.

Founded in 2007, Integrity HR serves midsize clients. Its 13 employees, including Amy Newbanks Letke, Founder & CEO, will join Marsh McLennan Agency and continue working out of their Louisville office.

The buyout will enhance MMC offerings by adding a full suite of new HR capabilities, including compensation consulting, executive succession planning, and talent acquisition.

"By bringing Integrity HR on board, we are elevating our national Employee Health & Benefits offerings to provide midsize clients with a full suite of benefits and HR services," said Kate Moher, President of National Employee Health & Benefits at Marsh McLennan Agency.

Last month, MMC bought SOLV Risk Solutions, LLC, to boost its risk advisory business.  

MMC's cash and equivalents stood at $1.0 billion as of March 31, 2023.

Price Action: MMC shares are trading lower by 0.20% at $185.66 on the last check Thursday.

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: EquitiesLarge CapM&ANewsMarketsBriefs
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!