– Accelerates Transformation Toward Simplified and Focused Platform Company for Employee Wellbeing and Benefits –
– At Closing, Recurring Revenue to Increase From 84% to Over 90% and Margin Profile to Improve by Nearly 300 Basis Points –
– Raises Mid-Term Adjusted EBITDA Margin Guidance to 28% –
– New Commercial Partnership with the Divested Company –
– Expect to Reduce Net Leverage Ratio to Below Three Times –
– Increased Stock Repurchase Program by $200 Million –
– Company to Host Webcast to Discuss Transaction at 10:00 a.m. ET –