Ceridian Acquires CIGNA's COBRA Business
Under the terms of the agreement, Ceridian will provide COBRA administration services as well as retiree billing services to current CIGNA customers. Ceridian will take over these functions following an unspecified transition period, according to a news release.
Speaking to the reason for the acquisition in the release, Ceridian Human Resource Solutions President said Robert “Bo” H. Ewald said Ceridian saw this as an opportunity to build the company’s COBRA administration experience.
Terms of the acquisition were not divulged.
You Might Also Like:
E*TRADE Launches Planning Center for Equity Compensation Plan Participants
ERISA Stock Drop Challenge Targets Allergan
The firm is being challenged in a New Jersey district court for alleged imprudence in the management of its employee...
Lehman Stock Drop Suit Passed Over By Supreme Court
The high court will not offer another review to the long-running case, letting stand a lower court ruling that effectively...