Old National and First Midwest Announce Merger to Create a Premier Midwestern Bank

Media Contacts:

Public Relations:
Kathy Schoettlin
812-465-7269

Community Relations:
Kate Miller
812-461-9378

Investor Relations:
Lynell Walton
812-464-1366

Old National and First Midwest Announce Merger to Create a Premier Midwestern Bank

• $45 billion in total assets and $34 billion in total deposits
• Unlocks immediate scale and positions for continued in-market growth
• Accelerates opportunities to strengthen communities and drive positive change
• Transaction expected to close in late 2021 or early 2022

Evansville, Ind. and Chicago, Ill. June 1, 2021 –Old National Bancorp (“Old National”) (NASDAQ: ONB) and First Midwest Bancorp, Inc. (“First Midwest”) (NASDAQ: FMBI), jointly announced today they have entered into a definitive merger agreement to combine in an all-stock merger of equals transaction with a total market value of $6.5 billion to create a premier Midwestern bank with $45 billion in combined assets.

With nearly 270 combined years of service and a shared commitment to Midwestern values, Old National and First Midwest are two organizations driven by a customer-centric approach to banking, an unwavering commitment to community and a strong focus on corporate social responsibility, making the combined entity the premier choice for employees, clients and shareholders.

Under the terms of the merger agreement, which has been unanimously approved by the Boards of Directors of both companies, First Midwest stockholders will receive 1.1336 shares of Old National common stock for each share of First Midwest common stock they own. Following completion of the transaction, former First Midwest stockholders are expected to collectively represent approximately 44% of the combined company. The new organization will operate under the Old National Bancorp and Old National Bank names, with dual headquarters in Evansville, Indiana and Chicago, Illinois. Michael Scudder, Chairman and CEO of First Midwest Bancorp, will serve as the Executive Chairman and Jim Ryan, Chairman and CEO of Old National Bancorp, will maintain his role as CEO.

Additional leadership positions for the combined entity include:

• Mark Sander, President and Chief Operating Officer (First Midwest)
• Jim Sandgren, CEO of Commercial Banking (Old National)
• Brendon Falconer, Chief Financial Officer (Old National)
• Kendra Vanzo, Chief Administrative Officer (Old National)
• Kevin Geoghegan, Chief Credit Officer (First Midwest)
• Thomas Prame, CEO of Community Banking (First Midwest)
• Chady AlAhmar, CEO of Wealth Management (Old National)

The complete executive leadership team is expected to be announced prior to close.

The Board of Directors of the combined company will have 16 directors, consisting of 8 directors from Old National and 8 directors from First Midwest. Becky Skillman, lead independent director for Old National, will retain this position in the combined company.

“First Midwest and Old National are two relationship-focused financial institutions that have rich histories, extremely compatible cultures and a shared commitment to helping our clients achieve financial success,” said Michael Scudder, Chairman and CEO of First Midwest. “As a combined organization, we will be in an even stronger position to invest, grow and innovate in talent, capabilities and services that will enhance an already superior client experience and further set us apart as a market leader not only in Chicago but across the Midwest.”

“First Midwest’s leadership team and colleagues not only mirror the Old National mission, values and culture, they also offer exceptional consumer and commercial banking services,” said Old National Chairman and CEO Jim Ryan. “We are confident that the powerful synergies, additional market coverage and financial strength this partnership creates will drive long-term shareholder value, and we are excited about combining the outstanding legacies of two strong, client- and community-focused organizations.”

Delivering Exceptional Value to Clients, Employees and Communities

Strategic benefits of the merger include:

• Strengthened market position: The combined organization will create the sixth largest bank headquartered in the Midwest, with a presence in six of the largest Midwestern MSAs, strong commercial banking capabilities, a robust retail footprint and a significant wealth platform. The two banks have virtually no service area overlap, limiting disruption.
• Top-tier commercial and community bank: With a larger balance sheet, more diverse geographic footprint and deeper product suite, the combined company will have increased capability to serve both existing and new clients and compete with the largest banks in the region.
• Digital and technology capabilities: The combined organization creates the scale and profitability to accelerate digital and technology capabilities to drive future investments in consumer, wealth management and commercial banking services.
• Culture and employee focus: From First Midwest’s multiple recognitions as a Best Place to Work to Old National’s 10-year run as one of the World’s Most Ethical companies, the combined institution will remain committed to fostering a strong culture of collaboration and trust, empowering its employees to flourish.
• Community engagement: The merger enables the combined entity to build on both organizations’ longstanding history of service, enhance its ability to champion community initiatives and drive positive change throughout its footprint.

Delivering Financially Compelling Benefits to Shareholders

• Significant earnings per share accretion to both companies in 2022: ~22% GAAP EPS accretion to Old National and ~35% GAAP EPS accretion to First Midwest, assuming fully phased in cost savings and excluding merger charges.
• Top quartile pro forma profitability: The combined company is expected to generate an ROATCE of ~15% in 2022, assuming fully phased in cost savings.
• Modest tangible book value per share earnback: ~3.2 years under the crossover method.

Timing

The transaction is expected to close in late 2021 or early 2022 subject to customary closing conditions, including regulatory and shareholder approvals.

Transaction Advisors

Keefe, Bruyette & Woods, A Stifel Company, served as exclusive financial advisor and Squire Patton Boggs (US) LLP acted as legal advisor to Old National.

J.P. Morgan Securities LLC served as exclusive financial advisor and Sullivan & Cromwell LLP acted as legal advisor to First Midwest.

Joint Investor Call

Management of both Old National and First Midwest will hold a conference call at 10:00 A.M. (CT) on Tuesday, June 1, 2021, to discuss their partnership. The live audio web cast of the call, along with the corresponding presentation slides, will be available on Old National’s and First Midwest’s Investor Relations web pages at oldnational.com and firstmidwest.com respectively, as well as the following url: https://services.choruscall.com/links/onb210601.html.

ABOUT OLD NATIONAL
Old National Bancorp (NASDAQ: ONB), the holding company of Old National Bank, is the largest bank holding company headquartered in Indiana. With $23.7 billion in assets, it ranks among the top 100 banking companies in the U.S. and has been recognized as a World’s Most Ethical Company by the Ethisphere Institute for 10 consecutive years. Since its founding in Evansville in 1834, Old National Bank has focused on community banking by building longterm, highly valued partnerships and keeping our clients at the center of all we do. This is an approach to business that we call The ONB Way. Today, Old National’s footprint includes Indiana, Illinois, Kentucky, Michigan, Minnesota and Wisconsin. In addition to providing extensive services in retail and commercial banking, Old National offers comprehensive wealth management, investment and capital market services. For more information and financial data, please visit Investor Relations at oldnational.com.

About First Midwest
First Midwest (NASDAQ: FMBI) is a relationship-focused financial institution and one of the largest independent publicly traded bank holding companies based on assets headquartered in Chicago and the Midwest, with approximately $21 billion of assets and an additional $14 billion of assets under management. First Midwest Bank and First Midwest’s other affiliates provide a full range of commercial, treasury management, equipment leasing, consumer, wealth management, trust and private banking products and services. The primary footprint of First Midwest’s branch network and other locations is in metropolitan Chicago, southeast Wisconsin, northwest Indiana, central and western Illinois, and eastern Iowa. Visit First Midwest at firstmidwest.com.Cautionary Note Regarding Forward-Looking Statements

This release includes “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, with respect to First Midwest’s and Old National’s beliefs, goals, intentions, and expectations regarding the proposed transaction, revenues, earnings, loan production, asset quality, and capital levels, among other matters; our estimates of future costs and benefits of the actions we may take; our assessments of probable losses on loans; our assessments of interest rate and other market risks; our ability to achieve our financial and other strategic goals; the expected timing of completion of the proposed transaction; the expected cost savings, synergies and other anticipated benefits from the proposed transaction; and other statements that are not historical facts.

Forward-looking statements are typically identified by such words as “believe,” “expect,” “anticipate,” “intend,” “outlook,” “estimate,” “forecast,” “project,” “should,” “will” and other similar words and expressions, and are subject to numerous assumptions, risks, and uncertainties, which change over time. These forward-looking statements include, without limitation, those relating to the terms, timing and closing of the proposed transaction.

Additionally, forward-looking statements speak only as of the date they are made; First Midwest and Old National do not assume any duty, and do not undertake, to update such forward-looking statements, whether written or oral, that may be made from time to time, whether as a result of new information, future events, or otherwise. Furthermore, because forward-looking statements are subject to assumptions and uncertainties, actual results or future events could differ, possibly materially, from those indicated in such forward-looking statements as a result of a variety of factors, many of which are beyond the control of First Midwest and Old National. Such statements are based upon the current beliefs and expectations of the management of First Midwest and Old National and are subject to significant risks and uncertainties outside of the control of the parties. Caution should be exercised against placing undue reliance on forward-looking statements. The factors that could cause actual results to differ materially include the following: the occurrence of any event, change or other circumstances that could give rise to the right of one or both of the parties to terminate the definitive merger agreement between First Midwest and Old National; the outcome of any legal proceedings that may be instituted against First Midwest or Old National; the possibility that the proposed transaction will not close when expected or at all because required regulatory, shareholder or other approvals are not received or other conditions to the closing are not satisfied on a timely basis or at all, or are obtained subject to conditions that are not anticipated (and the risk that required regulatory approvals may result in the imposition of conditions that could adversely affect the combined company or the expected benefits of the proposed transaction); the ability of First Midwest and Old National to meet expectations regarding the timing, completion and accounting and tax treatments of the proposed transaction; the risk that any announcements relating to the proposed transaction could have adverse effects on the market price of the common stock of either or both parties to the proposed transaction; the possibility that the anticipated benefits of the proposed transaction will not be realized when expected or at all, including as a result of the impact of, or problems arising from, the integration of the two companies or as a result of the strength of the economy and competitive factors in the areas where First Midwest and Old National do business; certain restrictions during the pendency of the proposed transaction that may impact the parties’ ability to pursue certain business opportunities or strategic transactions; the possibility that the transaction may be more expensive to complete than anticipated, including as a result of unexpected factors or events; diversion of management’s attention from ongoing business operations and opportunities; the possibility that the parties may be unable to achieve expected synergies and operating efficiencies in the merger within the expected timeframes or at all and to successfully integrate First Midwest’s operations and those of Old National; such integration may be more difficult, time consuming or costly than expected; revenues following the proposed transaction may be lower than expected; First Midwest’s and Old National’s success in executing their respective business plans and strategies and managing the risks involved in the foregoing; the dilution caused by Old National’s issuance of additional shares of its capital stock in connection with the proposed transaction; effects of the announcement, pendency or completion of the proposed transaction on the ability of First Midwest and Old National to retain customers and retain and hire key personnel and maintain relationships with their suppliers, and on their operating results and businesses generally; and risks related to the potential impact of general economic, political and market factors on the companies or the proposed transaction and other factors that may affect future results of First Midwest and Old National; uncertainty as to the extent of the duration, scope, and impacts of the COVID-19 pandemic on First Midwest, Old National and the proposed transaction; and the other factors discussed in the “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” sections of each of First Midwest’s and Old National’s Annual Report on Form 10-K for the year ended December 31, 2020, in the “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” sections of each of First Midwest’s and Old National’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2021, and in other reports First Midwest and Old National file with the U.S. Securities and Exchange Commission (the “SEC”).

Additional Information and Where to Find It

In connection with the proposed transaction, Old National will file a registration statement on Form S-4 with the SEC. The registration statement will include a joint proxy statement of First Midwest and Old National, which also constitutes a prospectus of Old National, that will be sent to First Midwest’s and Old National’s shareholders seeking certain approvals related to the proposed transaction. The information contained herein does not constitute an offer to sell or a solicitation of an offer to buy any securities or a solicitation of any vote or approval, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. Investors and security holders of First Midwest and Old National and their respective affiliates are urged to read, when available, the registration statement on form S-4, the joint proxy statement/prospectus to be included within the registration statement on Form S-4 and any other relevant documents filed or to be filed with the SEC in connection with the proposed transaction, as well as any amendments or supplements to those documents, because they will contain important information about First Midwest, Old National and the proposed transaction. Investors and security holders will be able to obtain a free copy of the registration statement, including the joint proxy statement/prospectus, as well as other relevant documents filed with the SEC containing information about First Midwest and Old National, without charge, at the SEC’s website (http://www.sec.gov). Copies of documents filed with the SEC by First Midwest will be made available free of charge in the “Investor Relations” section of First Midwest’s website, https://firstmidwest.com/, under the heading “SEC Filings.” Copies of documents filed with the SEC by Old National will be made available free of charge in the “Investor Relations” section of Old National’s website, https://www.oldnational.com/, under the heading “Financial Information.”

Participants in Solicitation

First Midwest, Old National, and certain of their respective directors and executive officers may be deemed to be participants in the solicitation of proxies in respect of the proposed transaction under the rules of the SEC. Information regarding First Midwest’s directors and executive officers is available in its definitive proxy statement, which was filed with the SEC on April 13, 2021, and certain other documents filed by First Midwest with the SEC. Information regarding Old National’s directors and executive officers is available in its definitive proxy statement, which was filed with the SEC on March 8, 2021, and certain other documents filed by Old National with the SEC. Other information regarding the participants in the solicitation of proxies in respect of the proposed transaction and a description of their direct and indirect interests, by security holdings or otherwise, will be contained in the joint proxy statement/prospectus and other relevant materials to be filed with the SEC. Free copies of these documents, when available, may be obtained as described in the preceding paragraph.

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Kraus-Anderson begins construction of new Winston Knolls School in Elgin, Ill.

FOR IMMEDIATE RELEASE

Contact:
Gail Shore
(612) 770-4106
Shore to Shore Communications, Inc.
gshore@winternet.com

Kraus-Anderson begins construction of new Winston Knolls School in Elgin, Ill.
School designed for special needs students with autism

ELGIN, Ill.  (May 2021) –  Kraus-Anderson (KA) Madison has begun construction on a new $2 million school committed to specialized education programming and professional services for children with autism. The Winston Knolls Foundation purchased the school for its supported organization, The Winston Knolls School. The new school is located at 1500 Executive Drive in Elgin, Ill.

Tucked in a quiet neighborhood on 2.5 acres, the new school’s layout and building flow have been purposefully planned for the needs of its students and staff. Winston Knolls School will include three courtyards, an activities field space and a specifically designed playground inside the walls of the exterior courtyard. The building also will have advanced safety and security features.

Designed by Haley Bender Patton & Been Architects, the unique architecture of the 18,176-square-foot building will provide students and staff with total privacy without sacrificing natural light.  Every classroom faces an exterior courtyard, with sliding glass doors to allow access to the private exterior courtyard so students can be close to nature and green space without sacrificing privacy or security.

The second floor will include a dedicated gymnasium and a large, flexible multipurpose space that can be configured for adapted physical education activities, after-school events and celebrations.

The new site also features a private parking lot without through traffic, and with student drop-off and pick-up in a safer closed-loop system.

The new Winston Knolls School will be operational to begin the 2022-2023 school year.

The Winston Knolls School is one of dozens of major K-12 construction projects KA will work on this year during its “Summer Sprint,” a critical, concentrated time during the summer months when school is not in session and when crews can perform work that ranges from new school construction to upgrades to deferred maintenance projects.

KA continues to lead the field of regional education construction projects and is currently ranked 12th in the nation in the construction of K-12 facilities by Building Design and Construction magazine.  Over the past five years, KA has completed over $1 billion in K-12 projects.   KA’s comprehensive school construction services include facility analysis and budget approaches, leading to informed and successful referendum initiatives.

COVID-19: KRAUS-ANDERSON’S COMMITMENT TO JOB SAFETY

As the world continues to deal with and adapt to the unprecedented challenges of the COVID-19 pandemic, Kraus-Anderson’s top priority remains safety. The company has implemented stringent social distancing practices and other elevated safety protocol on construction job sites, details of which can be found at https://www.krausanderson.com/about/kraus-anderson-responds-to-covid-19/​.

About Kraus-Anderson

Established in 1897, Kraus-Anderson® Construction Company (www.krausanderson.com) is one of the nation’s premier commercial general contractors and construction managers. Kraus-Anderson, an Equal Opportunity & Affirmative Action employer, is headquartered in Minneapolis, Minn. and has regional offices in Madison, Wis., Bismarck, N.D., and Duluth, Bemidji and Rochester Minn.

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Wisconsin Bank & Trust is Powered by HTLF

FOR RELEASE
May 27, 2021

Shawn Kesler
Midwest Region Marketing Officer
414.394.5946
skesler@htlf.com

Wisconsin Bank & Trust is Powered by HTLF
This is community banking with the scale to compete at any level

May 27 – Madison, WI – Wisconsin Bank & Trust (WBT) today announced its parent company, Heartland Financial USA, Inc., has rebranded as HTLF. The new branding better reflects the company HTLF is today and what it brings to WBT, our customers and our communities.

WBT’s logo has been updated with the tagline Powered by HTLF, representing the technology, efficiency and strength HTLF provides. This enables WBT to deliver the best of both worlds: the power of a larger organization combined with local decision-making and in-depth understanding of WBT’s customers and communities.

“HTLF provides us the resources and tools of a large company while we focus on growing customer relationships and delivering insight through extraordinary banking solutions and experiences,” said Brent Giles, President and CEO of Wisconsin Bank & Trust. “This is community banking with the scale to compete at any level.”

In the coming days and weeks customers will see the updated logo on WBT’s website, social channels and digital platforms.

About Wisconsin Bank & Trust

Wisconsin Bank & Trust (WBT), a subsidiary of Heartland Financial USA, Inc. operating under the brand name HTLF, is a business-focused community bank with assets of more than $1 billion. WBT serves customers from 13 banking centers in the Madison, Milwaukee, Green Bay, Sheboygan, Monroe and southwest areas of Wisconsin. WBT offers a wide range of personal and business banking and private client services. Wisconsin Bank & Trust is a Member of the FDIC and an Equal Housing Lender. For more information, visit www.wisconsinbankandtrust.com or call 608.203.1214.

About Heartland Financial USA, Inc.

Heartland Financial USA, Inc. (NASDAQ: HTLF), operating under the brand name HTLF, is a financial services company with assets of approximately $18.2 billion. HTLF’s banks serve communities in Arizona, California, Colorado, Illinois, Iowa, Kansas, Minnesota, Missouri, Montana, New Mexico, Texas and Wisconsin. HTLF is committed to its core commercial business, supported by a strong retail operation, and provides a diversified line of financial services including residential mortgage, wealth management, investment and insurance. Additional information is available at htlf.com.

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Wisconsin Union: Paddling Rentals, Yoga and Group Outdoors Experiences to Begin at Outdoor UW After Summer 2020 Hiatus Due to COVID-19

FOR IMMEDIATE RELEASE
May 26, 2021

Contact Information:
Shauna Breneman, Communications Director
Email: sbreneman@wisc.edu
Phone: (608) 262-8862

PADDLING RENTALS, YOGA AND GROUP OUTDOORS EXPERIENCES TO BEGIN AT OUTDOOR UW AFTER SUMMER 2020 HIATUS DUE TO COVID-19

MADISON – The Outdoor UW docks are back in Lake Mendota, the outdoor recreation equipment is cleaned and ready, and adventures on water and land await with Outdoor UW. 

As of May 31, Outdoor UW, the Wisconsin Union’s outlet to the outdoors, will begin offering its summer paddling rentals from its Memorial Union service desk. Its summer rental options include tandem kayaks, single kayaks, canoes, stand-up paddleboards, and eight-person stand-up paddleboards. Customers can begin making reservations on May 26 online, by phone at (608) 262-1630 or by email. 

The Outdoor UW team offers year-round camping, hiking and climbing equipment rentals as well as snowshoe rentals each winter. 

The team recommends that customers make advance reservations but can accommodate reservations made on-site at the Outdoor UW service desk on the lower level of Memorial Union, as capacity allows. 

The docks near the Outdoor UW’s entrance at Memorial Union are only available to Outdoor UW’s customers and the Union’s outdoor recreation clubs, providing customers with access to Lake Mendota to enjoy their paddling equipment from Outdoor UW. In addition, trained outdoor recreation professionals are on-site to help customers of all experience levels enjoy their Outdoor UW experiences. 

The team will begin holding private outdoor group experiences by reservation on June 7. Group experience offerings include group paddling; an adventure on an eight-person stand-up paddleboard, called SUP Squatch; a group meeting on Lake Mendota with a lesson of paddling basics included; paddling games, including team-building opportunities; private introductions to paddling lessons; private yoga classes; and custom outdoor recreation group experiences. 

The team will also host open paddle events, including Family Nights every Tuesday from 4-6 p.m. from June 15 to Aug. 24. Family Night includes games, sightseeing and learning paddling skills.

For the health and safety of its customers, the Outdoor UW team inspects, cleans and sanitizes camping gear and paddling equipment upon rental return and uses its lifejackets on a rotating schedule to ensure they are not reused within the same day. All Outdoor UW staff and guests are required to follow Union and campus public health policies. The team will continue to monitor health and safety guidelines and will provide current practices in customers’ confirmation emails. 

Outdoor UW will also host in-person yoga at Memorial Union and stand-up paddleboard yoga classes on Lake Mendota in partnership with University Recreation & Wellbeing at the University of Wisconsin-Madison. Registration for each class opens 48 hours before the class. Those interested in participating can learn more here. 

The team’s services also include paddle craft storage at Willow Beach and University Bay. Individuals can purchase a seasonal storage space to keep their canoes or kayaks at these locations next to Lake Mendota. Customers can contact Outdoor UW at (608) 262-1630 or by email to learn more about available storage space. 

“We can support customers in many ways that they can enjoy the outdoors, whether someone wants to rent camping equipment for an adventure at one of our state’s beautiful campgrounds or to rent kayaks for an immediate trip on Lake Mendota,” Jill Griffis, outdoor recreation advisor and Hoofer club advisor at Outdoor UW. “No matter the skill or experience level, everyone can enjoy Wisconsin’s outdoors.”

During the summer of 2020, when the team would usually expand its offerings to include paddling rentals, the team’s paddling equipment remained in storage, as the world contended with a pandemic. The team members determined that paddling equipment rentals would not occur that summer out of an abundance of caution and to allow for time to revise paddling equipment health and safety practices in light of COVID-19 for summer 2021.

In September 2020, Memorial Union and Union South opened to UW-Madison students, staff and faculty and remained limited to these members of the campus community until May 10. During this time of limited access, the Outdoor UW team worked together to implement new health and safety practices and offered camping equipment rentals and winter recreation rentals to students, staff and faculty and their guests for off-site use during the 2020-21 academic year. 

The team also continued to advise student and community leaders in the Union’s outdoor recreation clubs, called the Wisconsin Hoofers, as well as provide virtual learning and connection opportunities for the community. 

Those who would like to learn more about Outdoor UW’s services can visit union.wisc.edu/events-and-activities/outdoor-uw.  

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About Outdoor UW

Outdoor UW is the Wisconsin Union’s outlet to the outdoors, offering everything from outdoor recreation equipment rentals to custom group outdoors experiences. The Outdoor UW team also advises six outdoors clubs, which make up the Wisconsin Hoofers, and Hoofer Council, the governing body of the Hoofers. Outdoor UW is part of the Wisconsin Union, which is the UW-Madison Division of Social Education. Learn more about Outdoor UW: union.wisc.edu/events-and-activities/outdoor-uw. 

To read this release online, visit union.wisc.edu/about/news/outdoor-uw-2021.

WPS Health Insurance selects Welldoc to offer new digital health management solution

FOR IMMEDIATE RELEASE

Contact:
DeAnne Boegli
Vice President of Communications
608-977-7343
deanne.boegli@wpsic.com

WPS Health Insurance selects Welldoc to offer new digital health management solution

MADISON, Wis.—May 25, 2021—WPS Health Insurance and WPS Health Plan selected Welldoc®, a trailblazer in digital health, to offer a new, comprehensive chronic conditions digital health solution to a pilot group of self-funded employers in Wisconsin and Illinois.

Welldoc’s single platform provides a holistic, evidence-based approach for pre-diabetes, diabetes, hypertension, heart failure, and behavioral health. By leveraging the power of data, AI and clinical science, individuals with chronic conditions receive real-time, personalized digital coaching to self-manage their health and better coordinate with health care providers in meeting their treatment goals.

WPS Health Insurance is one of the largest health benefits providers in Wisconsin and offers health plans to the public and private sectors. WPS is focused on leveraging digital and data-driven approaches to help customers improve their overall health and wellness. Welldoc’s digital health offering will help the pilot participants manage their chronic conditions through meaningful insights and behavioral changes.

“WPS is at the forefront of offering flexible, cost-effective health solutions to their members in the Midwest. Their focus on community-based solutions pairs with Welldoc’s efforts to provide an evidence-based care model that can address gaps in care and reach at-risk populations,” says Welldoc’s Chief Operating Officer, Keith Reynolds. “We are encouraged by WPS’ mission to deliver affordable health care to their members. Our digital health solution will empower WPS members who are managing multiple comorbidities and providers who are working to effectively manage population health.”

“We want our members to take control of their health. The Welldoc app and tailored, real-time feedback will allow people to actively manage their conditions with a trusted partner,” said Jim Baird, Executive Vice President of WPS Health Insurance. “With the great majority of annual health care costs driven by chronic and mental health conditions, we believe the Welldoc platform can make a big impact for our members.”

The new offering will first be available as a pilot to self-funded, employer-provided health plan customers, also known as Administrative Service Only (ASO), and later will be offered to other WPS Health Insurance and WPS Health Plan members.

About Welldoc®

Welldoc® is revolutionizing chronic condition management to help transform lives. BlueStar®, an FDA-cleared digital health solution, guides individuals through the complicated journey of living with diabetes by enabling them to self-manage their conditions and enhancing connections to their health care team. Welldoc streamlines the relationships between payers, employers, and health care systems resources, with the goal of improving population health and reducing costs of chronic care. For more information, visit www.welldoc.com.

About WPS Health Insurance

As one of the largest health benefits providers in the state, Wisconsin Physicians Service Insurance Corporation (WPS Health Insurance) remains not-for-profit and offers high-quality health plans to the public and private sectors. Headquartered in Madison, Wis., WPS Health Insurance also has offices in Green Bay and Rothschild. With more than 3,700 employees, we’re deeply committed to Wisconsin and its citizens.

WPS Health Insurance offers Preferred Provider Organization health plans for individuals and groups, third-party administrator services, plus Medicare supplement plans and Medicare prescription drug plans.

WPS Health Insurance is one of the brands under the umbrella of WPS Health Solutions, which offers insurance products through several brands as well as claims processing and benefits administration for U.S. government programs for the Centers for Medicare & Medicaid Services, U.S. Department of Defense, and U.S. Department of Veterans Affairs. Visit the WPS Health Solutions “About” page for more information on our parent company.

About WPS Health Plan

WPS Health Plan, Inc. (WPS Health Plan) is a fresh choice in a crowd of big, impersonal, national health insurance giants. WPS is committed to customers, easy to work with, and as transparent as possible, which helps customers understand their benefits. Based in Green Bay, Wis., WPS Health Plan continues its tradition of Wisconsin-based service and is always looking for ways to make owning and using health insurance easier.

WPS Health Plan offers Health Maintenance Organization and Point-of-Service plans to the group and individual markets in eastern and north-central Wisconsin, plus third-party administrator services.

WPS Health Plan is a wholly owned subsidiary of Wisconsin Physicians Service Insurance Corporation and one of the brands under the umbrella of WPS Health Solutions, which offers insurance products through several brands as well as claims processing and benefits administration for U.S. government programs for the Centers for Medicare & Medicaid Services, U.S. Department of Defense, and U.S. Department of Veterans Affairs. Visit the WPS Health Solutions “About” page for more information on our parent company.