LINCOLNSHIRE, Ill. (August, 2016) – Aon, the leading global provider of risk management and human resource consulting and outsourcing, today announced it has acquired Cammack Health LLC, a leading health and benefits consulting firm that serves large and well-respected health care organizations in the Eastern region of the U.S., including health plans, health systems and employers. Cammack Health is also the only firm in the region specializing in hospital benefits consulting.
Through this acquisition, Aon will gain a wealth of complementary capabilities and in-depth thought leadership to better serve health care organizations, not only as employers but also as health care providers. In addition, Cammack Health will complement Aon’s existing health care industry expertise in actuarial and analytics, captive management, reinsurance and other risk- and HR-related solutions.
“The war for talent across health care organizations is at an all-time high, and how organizations design and administer benefits plays a key role in attracting and retaining talent,” said Joe Reilly, leader of Aon’s Health & Benefits practice in the East region. “At the same time, health care organizations are seeing rapid changes across the industry that directly impact their broader business strategies as health care providers. continuously improve their benefits programs and overall business models.”
Cammack Health’s team of about 35 New York-based professionals will join Aon’s current team of nearly 15,000 health-aligned colleagues, including consultants, health actuaries, pharmacists and additional clinical experts. The two lead Cammack Health partners, Frank Lonardo and Erin O’Connor, will assume leadership roles in Aon’s Health & Benefits practice in the Eastern region.
“Health care systems continue to seek ways to provide higher value at lower cost to compete in an industry that is experiencing massive transformation,” said Frank Lonardo. “Regulatory changes, evolving technologies and organizational risk tolerance has a direct impact on financial viability, patient satisfaction and population health management. Joining forces with Aon assures a deeper investment in our business, bringing exponentially more resources and solutions to better help health care organizations evolve in today’s dynamic market.”
Financial terms of the transaction were not disclosed.
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