A northeastern-based mutual insurer has acquired a provider of absence management services.
The Guardian Life Insurance Company of America, New York, announced that it has acquired Westminster, Colorado-based Reed Group. The absence management services provider help employers comply with federal and state regulation and help employees return to work.
Guardian indicated in a press statement that Reed Group will operate as an independent, wholly owned subsidiary of Guardian, retain its name and continue to serve existing customers. Terms of the transaction were not disclosed.