Kohlberg Kravis Roberts & Co. joined with the American Heart Association to check up on the health of workers at the private equity firm's portfolio companies.
KKR and the association are collaborating in a research effort with portfolio companies that participate in the KKR Wellness Works program. Companies provide annual incentivized biometric screenings for employees.
“KKR is investing in this program because we believe that it's the right thing to do for our companies. It can positively impact the health of employees and, in turn, improve the overall performance of the companies,” said James C. Momtazee, member and head of KKR's health-care industry team, North America, in an e-mail.
Portfolio companies offer employees a minimum of $250 for completing certain wellness requirements, including an annual biometric screening. Four U.S.-based portfolio companies that together employ about 140,000 people are currently part of the program. The joint KKR-American Heart Association study will examine the impact of wellness programs on employee health.
“Existing research shows that improving employees' wellness levels can have a number of positive impacts on a company by increasing employee engagement levels, improving productivity, reducing absenteeism and lowering health-care spending,” Mr. Momtazee stated. — ARLEEN JACOBIUS
This article originally appeared in the October 29, 2012 print issue as, "KKR portfolio companies taking part in wellness study".