CLEVELAND--(BUSINESS WIRE)--Today, Medical Mutual announced the purchase of ESI Employee Assistance Group, an employee assistance program (EAP) provider based in Wellsville, NY.
ESI, founded in 1983, provides a differentiated EAP that promotes employee well-being, fosters personal and professional development, and improves productivity. The company currently supports more than 1,800 employer groups representing approximately 600,000 employees across North America. ESI reports a 98% client satisfaction rate and a utilization rate that is three times that of other EAPs.
“Employee assistance programs are opportunities for employers to support the overall health and wellness of their employees. We know from our existing customers the value employers see in these programs,” says Rick Chiricosta, Medical Mutual Chairman, President and CEO. “ESI is a leader in this area. The programs they offer are best in class.”
ESI provides end-to-end employee well-being solutions. This includes everything from counseling on relationships and family issues to help with elder and child care, as well as personal coaching on home buying and student debt. In addition, ESI offers EAP options tailored for specific industries, such as Educator’s EAP, Healthcare EAP, Public Safety EAP, Union Assistance Program and Higher Education EAP.
“All of us at ESI Employee Assistance Group are excited and proud to join the Medical Mutual family of companies. Medical Mutual shares our absolute commitment to delivering the very best health and well-being services to the employees and employers we serve,” says Jim Walter, ESI CEO. “We look forward to working with the Medical Mutual team to continue to add benefits and services for all those we serve.”
Medical Mutual will integrate ESI’s EAP offerings into the company’s suite of products and services. ESI will also continue to offer standalone EAP products to businesses throughout North America. Piper Sandler served as the lead financial advisor to Medical Mutual.
About Medical Mutual of Ohio
Founded in 1934, Medical Mutual is the oldest and one of the largest health insurance companies based in Ohio. We provide peace of mind to more than 1.6 million Ohioans through our high-quality health, life, disability, dental, vision, indemnity and wellness plans. We offer fully insured and self-funded group coverage, including stop loss, as well as Medicare Advantage, Medicare Supplement and individual plans. Medical Mutual’s status as a mutual company means we operate for the benefit of our members without needing to meet the demands of stockholders or Wall Street analysts. Instead, we focus on developing products and services that allow us to better serve our customers and the communities around us and help our members achieve their best possible health and quality of life. For more information, visit the company’s website at MedMutual.com.
