Integrated Behavioral Health (IBH), a provider of employee assistance programs (EAP) and behavioral health services, has acquired Claremont EAP.
Financial terms of the deal were not disclosed.
Irvine, California-based IBH provides managed behavioral health care and integrated employee assistance programs to employers, health plans and other organizations. Meanwhile, Alameda, California-based Claremont EAP provides employee assistance program services across the Bay Area.
The deal will give Claremont EAP access to greater technology resources, while equipping IBH with enhanced EAP offerings, according to Dan Clark, CEO of IBH.
“For all intents and purposes, while our companies are coming together, Bay Area customers can expect the people, service and products they have enjoyed over the years to remain unchanged but also enjoy the broader product and technology suite available vis-a-vi the broader companies portfolio,” Clark said in a press release announcing the news.
Generally, EAPs are optional benefits that provide employees with resources and services to help them address personal or work-related problems that could impact their performance, health or mental and emotional wellbeing.
Examples of EAP services include counseling, therapy, substance abuse help, caregiver support, basic legal assistance or adoption guidance resources.
As of 2019, more than 90% of human resources professionals surveyed by the Society for Human Resource Management said their organizations offered EAPs.