Towers Watson Pays $435M For Leading Medicare Exchange

Law360, New York (May 14, 2012, 3:35 PM EDT) -- New York-based human resources consulting firm Towers Watson has entered into an agreement to purchase California-based Medicare exchange operator Extend Health Inc. for $435 million in an effort to expand its services for retirees, the company announced Sunday.

Extend Health currently operates the largest private Medicare exchange in the country, and after the deal closes it will become a new Exchange Solutions business segment within Towers Watson, led by Extend Health CEO Bryce Williams. The move will enhance Towers Watson's existing Benefits, Talent and Rewards, and...
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