As we move further into 2025, March proves to be another eventful month for HR tech, wellness, and benefits.
Exciting developments unfold as key industry players pursue bold initiatives to expand, innovate, and transform – from Hinge Health’s move toward an IPO to Cigna’s $3 billion sale to HCSC.
Below is a closer look at the latest industry updates driving this momentum.
The month opened with news of leading Professional Employer Organization Congruity HR acquiring Total Team Solutions (TTS), a Connecticut-based provider of comprehensive payroll, employee benefits, and HR services tailored to small and mid-sized businesses.
This acquisition signals the company’s strong push toward expanding its HR offerings and achieving further growth.
Rob Lynn, founder of TTS in 1988 and its current President, expressed excitement over the deal, saying it will provide clients with even more innovative and complete solutions to meet their evolving HR needs.
In a complementary statement, Congruity HR CEO Mike Viola said, “This acquisition aligns perfectly with our growth strategy and strengthens our position as a leading HR solutions provider.”
The strategic move combines Congruity HR’s national reach with TTS’s decades-long expertise in cost-effective HR solutions.
Read more: Congruity HR Acquires Total Team Solutions
Hinge Health, a leading provider of digital solutions for treating chronic musculoskeletal (MSK) conditions, has filed for an initial public offering (IPO), with estimates it will reach $500 million.
The company has submitted a registration statement to the U.S. Securities and Exchange Commission and plans to list its shares on the New York Stock Exchange under “HNGE.”
However, the exact number of shares or price has not yet been determined.
Major financial firms, including Morgan Stanley, Barclays, and BofA Securities, will manage the offering. The IPO is subject to market conditions and may change in size or timing.
Hinge Health uses AI-driven software to provide remote care for MSK conditions. It helps patients manage pain, recover from injuries, and reduce surgeries while improving accessibility and health outcomes.
According to its IPO prospectus, in 2024, the company reported $390 million in revenue, a 33% increase from the previous year, while narrowing its net losses to $11.9 million, a significant improvement from $108 million in 2023.
With $828 million raised in venture capital, Hinge Health is now preparing for its next growth phase as it moves toward an IPO.
Read the full press release here: Hinge Health Files Registration Statement for Proposed Initial Public Offering
Arthur J. Gallagher & Co., the global leader in insurance brokerage, risk management, and consulting, made headlines this month with two significant acquisitions.
First, on March 4, Gallagher announced its agreement to acquire Woodruff Sawyer for $1.2 billion, a deal set to close in the second quarter of 2025. This acquisition enhances the provider’s capabilities in commercial property and casualty products, employee benefits, and risk management services.
Patrick Gallagher, Jr., Chairman and CEO, expressed his enthusiasm about the deal, stating, “Woodruff Sawyer has an outstanding reputation in our industry, and we have long admired their niche expertise and client-focused culture. Our complementary strengths will enhance the value we deliver to our clients and significantly expand our capabilities.”
Shortly after, in a separate development, Gallagher received a second request for information from federal regulators regarding its proposed $13.45 billion acquisition of AssuredPartners, which was announced at the end of 2024.
While this delay pushes the expected closure into the second half of 2025, the company remains optimistic about the transaction, strengthening its presence in the U.S. middle-market property/casualty and employee benefits space.
These acquisitions add to Gallagher’s growing portfolio, demonstrating its aggressive growth strategy in expanding its reach and services.
Read the full press releases here: Arthur J. Gallagher & Co. Announces Agreement to Acquire Woodruff Sawyer; Arthur J. Gallagher & Co. Receives Second Request for Information Related to its HSR Filing for the Purchase of AssuredPartners
As the demand for innovative solutions grows across industries, companies increasingly turn to new products to stay ahead.
In a noteworthy development this month, Remote, a global leader in remote employment, has introduced Recruit, an innovative AI-powered platform designed to simplify and accelerate the hiring process for companies worldwide.
“Global hiring today presents a paradox — while talent exists everywhere, employers often limit themselves to familiar markets, missing out on incredible candidates while spending countless hours sorting through irrelevant applications,” commented Job van der Voort, co-founder and CEO of Remote.
Van der Voort says the solution will transform this landscape by providing employers with a new class of AI-powered tools to source, evaluate, and hire global talent.
“Recruit combines intelligent candidate sourcing and discovery with Remote’s deep insights into global markets, helping companies make data-driven hiring decisions quickly while expanding their talent pool,” he added.
The new comprehensive solution features a search engine that filters over 800 million profiles, AI-powered live video interviews conducted in partnership with Apriora, and real-time data on talent availability, salary trends, and market conditions.
Read the full press release here: Remote Launches Recruit, Talent Sourcing Made Simple Through AI
We close this monthly round-up with news of Cigna Group’s $3 billion deal with Health Care Service Corp. (HCSC).
The company announced on March 19, 2025, that it had completed the sale of its Medicare Advantage, Cigna Supplemental Benefits, Medicare Part D, and CareAllies businesses to HCSC, the parent company of five Blue Cross and Blue Shield health insurance plans.
This divestment is part of Cigna’s strategy to streamline its portfolio and drive further innovation to support customers. The proceeds from the sale are expected to be primarily allocated to share repurchases.
HCSC, which aims to expand its presence in the Medicare market, stressed its commitment to improving healthcare for seniors and assured that the transaction will not disrupt coverage for Medicare customers.
“We recognize that the health and wellness needs for older Americans are growing, and we plan to have an important role in helping seniors live healthier, fuller lives. We are excited to welcome our new Medicare members and the employees who will continue to help them achieve their best health,” said Maurice Smith, HCSC’s CEO, President, and Vice Chair.
Despite the sale, Cigna will continue to provide pharmacy benefit services and other solutions to the Medicare businesses through its Evernorth Health Services division under service agreements with HCSC.
Read the full press release here: The Cigna Group Completes Sale of Medicare and CareAllies Businesses to HCSC
Content Writer at Shortlister
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