Liberty Mutual to continue Wausau operations in space leased from Aspirus
WAUSAU, WI. – Today, Aspirus and Liberty Mutual Insurance completed a real estate transaction with Aspirus purchasing four buildings and about 40 acres of land from Liberty Mutual. The property will become part of the Aspirus medical campus in Wausau and will provide the Wausau-based health care system with much-needed expansion space.
Liberty Mutual, which began operations in Wisconsin in 1919, will continue to maintain its employee presence in Wausau by leasing space on the property from Aspirus.
“Liberty Mutual is a great partner and a tremendous Wausau asset,” Aspirus President and CEO Matthew F. Heywood said. “I’m glad we could come to an agreement that will accommodate both companies’ future needs.”
Liberty Mutual noted it will continue its operations in Wausau, leasing space from the health care provider. “Aspirus is such a valuable member of the Wausau community and we are delighted to come to an agreement that is beneficial to both parties,” said Kris Opal, Office Operations Manager for Liberty Mutual’s Wausau location. “Liberty Mutual looks forward to continuing our operations in Wausau as well as keeping our long-standing presence in the community.”
Liberty Mutual has nearly 900 employees working in its Wausau office who perform various insurance operations. Liberty also has nearly 200 employees working in offices located in Milwaukee, Green Bay, Madison, Waukesha and Appleton.
Aspirus will focus its expansion plans on Building 1, the southernmost structure on the property, which will be remodeled and converted into corporate offices.
Building 4, the northernmost structure on the property, is a utility plant providing heating, cooling, water and electricity to the other three buildings.
About Aspirus
Aspirus is a non-profit, community-directed health system based in Wausau, Wisconsin. With more than 7,000 employees Aspirus serves communities throughout 14 counties in northern and central Wisconsin, as well as the western Upper Peninsula of Michigan.
The integrated system includes four hospitals in Michigan and four hospitals in Wisconsin, 50 clinics, home health and hospice care, a health insurance company, pharmacies, critical care and helicopter transport, medical goods, nursing homes and high-quality affiliated physicians.
About Liberty Mutual Insurance
Liberty Mutual Insurance helps people preserve and protect what they earn, build, own and cherish. Keeping this promise means we are there when our policyholders throughout the world need us most.
In business since 1912, and headquartered in Boston, Mass., today Liberty Mutual is a diversified insurer with operations in 30 countries and economies around the world. We are the fifth largest property and casualty insurer in the U.S. based on 2015 direct written premium data as reported by the National Association of Insurance Commissioners. We also rank 73rd on the Fortune 100 list of largest corporations in the U.S. based on 2015 revenue. As of December 31, 2015, Liberty Mutual had $121.7 billion in consolidated assets, $102.5 billion in consolidated liabilities, and $37.6 billion in annual consolidated revenue.
Liberty employs more than 50,000 people in over 800 offices throughout the world, and we offer a wide range of insurance products and services, including personal automobile, homeowners, accident & health, commercial automobile, general liability, property, surety, workers compensation, group disability, group life, specialty lines, reinsurance, individual life and annuity products.
You can learn more about us by visiting www.libertymutualinsurance.com.