Issue
This client was in the process of considering an acquisition when they turned to our team at CBIZ for assistance. Our benefits specialists performed transaction due diligence on their behalf to collect and analyze all pertinent information prior to the acquisition. As part of that due diligence, we identified opportunities for significant cost savings on their group medical plan.
Solution
- Our team harnessed the power of the CBIZ Health Innovations Practice to uncover potential cost-saving opportunities in the client’s health plan.
- To consolidate plans, we also rolled employees of the target medical plan onto the buyer’s medical plan.
Outcome
- Through transaction due diligence, we minimized the client’s potential liability to facilitate a more successful transaction.
- Our benefits specialists secured $860k in medical savings for the client through the use of innovative cost-containment strategies.
| Company Information | |
|---|---|
| Industry | Manufacturing |
| Geographic Footprint | National |
| Number of Employees | 8,000 |
© Copyright CBIZ, Inc. All rights reserved. Use of the material contained herein without the express written consent of the firms is prohibited by law. This publication is distributed with the understanding that CBIZ is not rendering legal, accounting or other professional advice. The reader is advised to contact a tax professional prior to taking any action based upon this information. CBIZ assumes no liability whatsoever in connection with the use of this information and assumes no obligation to inform the reader of any changes in tax laws or other factors that could affect the information contained herein. Material contained in this publication is informational and promotional in nature and not intended to be specific financial, tax or consulting advice. Readers are advised to seek professional consultation regarding circumstances affecting their organization.
“CBIZ” is the brand name under which CBIZ CPAs P.C. and CBIZ, Inc. and its subsidiaries, including CBIZ Advisors, LLC, provide professional services. CBIZ CPAs P.C. and CBIZ, Inc. (and its subsidiaries) practice as an alternative practice structure in accordance with the AICPA Code of Professional Conduct and applicable law, regulations, and professional standards. CBIZ CPAs P.C. is a licensed independent CPA firm that provides attest services to its clients. CBIZ, Inc. and its subsidiary entities provide tax, advisory, and consulting services to their clients. CBIZ, Inc. and its subsidiary entities are not licensed CPA firms and, therefore, cannot provide attest services.
