Morneau Shepell announces acquisition of MorningStar Health
Enhances absence management presence in the United States
TORONTO, September 16, 2019 – Morneau Shepell Inc., the leading provider of technology-enabled HR services that delivers an integrated approach to well-being, today announced that it has acquired MorningStar Health. This acquisition allows Morneau Shepell to enhance its absence management (leaves, disability, absence reporting and accommodation) presence in the United States through a solid company with a strong reputation, knowledge of U.S. regulations, deep market expertise and a U.S.-based infrastructure.
“MorningStar Health is well positioned for substantial client-base and revenue growth supported by a track record of consistent top-line growth over the years, high customer satisfaction and retention, and innovation,” said Nigel Branker, president, health and productivity solutions, and executive vice president, Morneau Shepell. “We are excited to welcome our new colleagues to the team and thrilled to continue advancing our strategy to accelerate growth in the United States.”
All of MorningStar Health’s clients and employees, including the leadership team, are joining Morneau Shepell and will remain based in Grand Rapids, Michigan.
“Both organizations and their employees are aligned on values, technology approach and customer service, making this a natural partnership,” said Gail Scott, president and chief executive officer, MorningStar Health. “We are both focused on continuously striving toward client-driven innovation and on delivering the best service for clients to ensure employees are healthy and productive.”
About Morneau Shepell
Morneau Shepell is the leading provider of technology-enabled HR services that delivers an integrated approach to well-being through our cloud-based platform. Our focus is providing everything our clients need to support the mental, physical, social and financial well-being of their people. By improving lives, we improve business. Our approach spans services in employee and family assistance, health and wellness, recognition, pension and benefits administration, retirement and benefits consulting, actuarial and investment services. Morneau Shepell employs approximately 6,000 employees who work with some 24,000 client organizations that use our services in 162 countries. Morneau Shepell is a publicly traded company on the Toronto Stock Exchange (TSX: MSI). For more information, visit morneaushepell.com.
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