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Humana pulled out of the acquisition after United stock dropped $2.9 billion in value. [9] In 2001, Humana was a cofounder of Avality. [10] In 2005, Humana entered into a business partnership with Virgin Group, offering financial incentives to members for healthy behavior, such as regular exercise. [11]
On October 15, 2006, CEO William W. McGuire was forced to resign, and relinquish hundreds of millions of dollars in stock options. [ 104 ] [ 105 ] [ 106 ] On December 6, 2007, the SEC announced a settlement under which McGuire was to repay $468 million, including a $7 million civil penalty, as a partial settlement of the backdating prosecution.
Additionally, in light of recent and persistent speculation, Cigna confirmed that it is not pursuing a combination with Humana Inc. (NYSE:HUM). “The Cigna Group remains committed to its ...
In 1994, the company announced a two-for-one stock split, and in 1996 established Express Scripts Canada. [19] The same year, the company began the annual Drug Trend Report and launched the Outcomes Symposium Conference. [19] In April 1998, Express Scripts acquired ValueRx, the PBM business of Columbia/HCA Healthcare Corp. [20]
While Humana Inc. ( NYSE:HUM ) shareholders have had a good week with the stock up 8.7%, they shouldn't let their...
Medicare plans to downgrade ratings on some of the Humana's health insurance plans. The stock has fallen 23% for its worst weekly performance since 2009.
In June 2015 [8] Humana sold Concentra shares to a joint venture between Select Medical Holdings Corporation (Select Medical) and Welsh, Carson, Anderson & Stowe, a private equity fund, for approximately $1.06 billion in cash. [9] The deal called for Select Medical to own 50.1% of the stock, while Welsh, Carson, Anderson & Stowe would own 49.9%.
The stock of Humana (NYSE:HUM, 30-year Financials) gives every indication of being fairly valued, according to GuruFocus Value calculation.