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Humana history
Humana company history timeline
1962: The company opens its first Heritage House nursing home on Liverpool Lane with 78 beds.
1968: The company goes public as Extendicare Inc. at a price of $8 per share.
1969: Extendicare opens its 50th nursing home, making it the largest nursing-home operator in the nation.
In 1972, Jones and Cherry sold the nursing home chain to purchase hospitals.
1974: Extendicare is renamed Humana Inc.
1977: The company opens Humana Hospital-Southwest in Louisville.
Humana experienced growth period in the years that followed, both organically and through the takeover of American Medicorp Inc. in 1978, which doubled the company’s size.
1980: The company opens Humana Hospital-Audubon in Louisville.
1984: Humana offers its first health insurance plans after the loss of an HMO contract at a hospital in Arizona.
1985: Humana’s 27-story headquarters building opens on Main Street.
1993: Humana spins off its 77-hospital business as Galen Health Care Inc.
In 1993, Humana had become the largest hospital operator in the country, owning 77 hospitals.
1994: Galen Health Care Inc. is sold to Nashville-based Columbia Hospital Corp. in a $3.4 billion deal that includes 73 hospitals.
1997: Jones steps aside from day-to-day management, though he remains chairman.
In 1998, Humana and UnitedHealth Group (UNH) planned to merge in a deal worth $5.5 billion, but the move failed when UnitedHealth Group posted almost $1 billion in quarterly losses that same year.
In 1998, one year after Jones had stepped aside as CEO, United Healthcare made an unsuccessful attempt to acquire Humana.
2000: Michael B. McCallister is named CEO.
In 2001, Humana was a cofounder of Avality.
2005: Jones retires as Humana’s chairman and is given the title chairman emeritus.
On November 16, 2006, the Centers for Disease Control and Prevention (CDC) and Humana Inc. partnered to expand on traditional private-sector approaches to population health management.
In 2006, Humana launched an education campaign to market Medicare Advantage (MA) and Prescription Drug Plans (PDP) nationwide to Medicare-eligible consumers, following the passage of the Medicare modernization act.
In March 2008, Fortune Magazine named Humana one of the Top 5 Most Admired Healthcare Companies in the United States.
2010: Humana acquires Texas-based Concentra Inc., an owner of wellness and urgent-care centers, for $790 million.
In May 2011, Humana announced it would be using mobileStorm to transmit protected health information to patients.
2011: Humana Military secures a five-year contract to administer benefits to soldiers and their families in the South region for the United States Department of Defense, following a challenge by UnitedHealth Group Inc.
2011: Bruce Broussard of Texas-based McKesson Specialty Health is named Humana's president.
31, 2012: Michael McCallister retires as CEO.
January 2014: Bruce Broussard is named CEO of Humana, also remaining as president.
In February 2017, Aetna Inc. and Humana Inc. quashed a $34 billion merger agreement after judges ruled against the merger for a second time.
In July 2018, Humana joined two private equity firms in the acquisition of Kindred Healthcare.
In August 2018, Humana announced the creation of a digital health and analytics division called Humana Studio H.
In December 2019, the company announced it would acquire Enclara Healthcare from Consonance Capital Partners and Enclara management.
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Humana competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Aetna | 1853 | $60.6B | 47,950 | 9 |
| UnitedHealth Group | 1977 | $400.3B | 300,000 | 8,957 |
| Elevance Health | 1944 | $121.9B | 63,900 | 2 |
| WellCare Health Plans | 1985 | $20.4B | 14,000 | - |
| Centene | 1984 | $163.1B | 65,000 | 496 |
| Coventry Health Care | 1986 | $14.1B | 14,400 | 1 |
| Community Health Systems | 1985 | $12.6B | 120,000 | 5,335 |
| Tenet Healthcare | 1969 | $20.7B | 102,000 | 4,013 |
| Brookdale Senior Living | 1978 | $3.1B | 62,550 | 1,734 |
| Primerica | 1977 | $602.0M | 2,104 | 68 |
Humana history FAQs
Zippia gives an in-depth look into the details of Humana, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Humana. The employee data is based on information from people who have self-reported their past or current employments at Humana. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Humana. The data presented on this page does not represent the view of Humana and its employees or that of Zippia.
Humana may also be known as or be related to Humana, Humana Inc, Humana Inc., Humana Insurance Co. (Invt Port) and Humana, Inc.