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Stock Market & Financial Investment News

News Breaks
January 4, 2013
16:48 EDTHUMHumana expects higher sales for individual Medicare Advantage plans in 2013
Humana will be meeting with investors and analysts at an industry conference on January 8, 2013. During the meetings, the company intends to address its prospects and performance. The company expects gross sales for individual Medicare Advantage plans for 2013 to be slightly higher than previously expected. Data from the Centers for Medicare and Medicaid Services indicates attrition in the company’s individual Medicare Advantage plans is also slightly higher than the company’s previous expectations. The company continues to expect net growth for individual Medicare Advantage membership of 100,000 to 120,000, net of the January 1, 2013 disposition of approximately 12,600 Medicare Advantage members acquired in the March 31, 2012 acquisition of Arcadian Management Services. Gross sales for the company’s stand-alone Prescription Drug Plans for 2013 are anticipated to be slightly below the range of previous expectations. Prescription Drug Plans disenrollment data indicates attrition is also slightly below the company’s previous expectations. The company continues to anticipate net membership growth for 2013 in its stand-alone Prescription Drug Plans in the range of 125,000 to 175,000.
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October 22, 2014
13:58 EDTHUMHumana hires Goldman to explore sale of urgent care unit, Reuters reports
Humana has hired investment bank Goldman Sachs to advise on a potential sale of its urgent care subsidiary, Concentra, according to Reuters, citing three people familiar with the matter. A deal could value the subsidiary, which Humana acquired less than four years ago, at around $1B, the report noted. Reference Link
October 13, 2014
07:39 EDTHUMPharmaceutical Care Management Association to hold annual meeting
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