Case Study: Aspen HR set up medical insurance and a strong HR foundation in 6 days
Private Equity Firm Acquiring Company in PA
A private equity firm was completing an asset purchase of a carve out (NewCo) from a larger, holding company. The Buyer discovered that offering an open market medical plan was expensive and presented a compliance burden. The Buyer needed a turnkey solution quickly and was running out of options.
In a matter of 6 days, Aspen HR’s team was able to set up medical insurance to align with the close date of the acquisition.
Aspen was also able to setup a strong HR foundation for the NewCo which was a material need given that NewCo was a carve out and didn’t have any HR forms, processes, or best practices.