Morneau Shepell completes acquisition of SMG Health Pty Ltd
MELBOURNE, February 8, 2021 – Morneau Shepell, a global wellbeing company, is pleased to announce today that it has completed the acquisition of all of the outstanding shares of SMG Health Pty Ltd through its LifeWorks business.
“This acquisition brings together two Australian companies with a common vision to deliver holistic mental health and wellbeing to their clients’ employees,” said Jamie MacLennan, managing director, Australia, LifeWorks. “Together, we bring an unmatched range of services to corporate Australia, to achieve complete mental, physical, social and financial wellbeing for people everywhere.”
Morneau Shepell combines an award-winning employee assistance program (EAP) with best-in-class digital user experience and clinical support through its LifeWorks business to help employees through everyday issues and concerns about family, health, life, money and work. SMG’s services combine mental health services, physical wellbeing checks and social health programs to deliver improved individual and organisational performance and productivity.
“We saw Morneau Shepell’s wellbeing services and platform, plus recognised clinical strength, as the perfect fit for our business,” said Ian Shakespeare, chief executive officer, SMG. “We are very proud of the achievements and growth of SMG over the last few years. By joining Morneau Shepell, which is a leading global EAP company, we are excited to take our client experience to an even higher level.”
About Morneau Shepell
Morneau Shepell is a leading provider of technology-enabled HR services that deliver an integrated approach to employee wellbeing through our cloud-based platform. Our focus is providing world-class solutions to our clients to support the mental, physical, social and financial wellbeing 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 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. For more information, visit morneaushepell.com.
About SMG Health Pty Ltd
SMG Health combines over 35 years’ experience from leading Australian and global corporate health brands with more than two decades of leading workplace psychology services to deliver tailored and holistic health management solutions. All of SMG Health’s services are best practice with a strong evidence base, and we have remained at the forefront of innovation in workplace health for more than three decades. SMG Health is thrilled at the many opportunities for customers, employees, and the wellbeing industry that this acquisition provides. The alignment in values, innovation, and best practice, and the existing global footprint and market recognition of Morneau Shepell will advance the necessary development of employee and organisational wellbeing now and well into the future.