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ance founded august 18 1961 65 years ago 1961 08 18 as extendicare inc louisville kentucky u s founders david a jones sr wendell cherry headquarters louisville kentucky u s key people kurt j hilzinger chairman jim rechtin ceo japan mehta cio celeste mellet cfo 2 products healthcare services health insurance health care provider pharmacy benefit manager revenue us 118 billion 2024 operating income us 2 56 billion 2024 net income us 1 21 billion 2024 total assets us 46 5 billion 2024 total equity us 16 4 billion 2024 number of employees 65 680 2024 website humana com footnotes 3 humana inc 1 is an american for profit health insurance company based in louisville kentucky in 2024 the company ranked 92 on the fortune 500 list 4 it is the fourth largest health insurance provider in the u s 5 history edit 1961 1983 nursing homes and hospitals edit lawyers david a jones sr and wendell cherry founded a nursing home company in 1961 6 the company known in 1968 as extendicare inc became the largest nursing home company in the united states in 1972 jones and cherry sold the nursing home chain to purchase hospitals 7 humana became one of the first two for profit hospital ventures in the u s along with hospital corporation of america hca 8 in 1974 the partners changed the corporate name to humana inc 7 it grew in the following years both by business and in 1978 through the takeover of american medicorp inc 9 which doubled the company s size and grew into the world s largest hospital company in the 1980s 10 1984 present edit as the american health care system changed in the 1980s one of its hospitals in arizona lost a contract with the largest health maintenance organization in the area and humana created its own health insurance plan 7 in 1993 humana executives spun off hospital operations from health insurance operations to create galen health care the following year they sold the 73 hospitals of galen health care inc to nashville based columbia hospital corporation of america for 3 4 billion 7 in 1998 one year after jones had stepped aside as ceo unitedhealthcare made an unsuccessful attempt to acquire humana 7 humana pulled out of the acquisition after united stock dropped 2 9 billion in value 11 in 2010 humana returned to providing healthcare services when it bought texas based concentra inc which owns urgent care and physical therapy centers for 790 million 7 they went on to sell concentra again in 2015 for 1 billion 12 in july 2015 aetna announced that it would acquire humana for 37 billion however the u s department of justice s antitrust division alleged the acquisition would be anticompetitive and sued to block the transaction following a trial u s district judge john d bates of the united states district court for the district of columbia agreed and issued an injunction blocking the acquisition 13 14 in february 2017 aetna and humana cancelled a 34 billion merger agreement after judges ruled against the merger for a second time 15 in july 2018 humana joined two private equity firms in the acquisition of kindred healthcare the deal provided humana with a 40 stake in the company s home health hospice and community care businesses called kindred at home for approximately 800 million 16 17 in 2021 susan diamond formerly occupying an interim position was announced to be the new permanent cfo 18 in 2024 humana announced that they would be leaving the humana building which they had occupied since the 1980s in order to cut costs humana said that it planned to consolidate its workforce in its waterside clocktower campus 19 in 2026 kff reported that humana was the second largest parent organization for medicare advantage by overall enrollment and that it had the largest growth in that sector that year 20 humana military healthcare services edit in 1993 humana founded humana military healthcare services hmhs as a wholly owned subsidiary 7 they were awarded their first tricare contract in 1995 and began serving military beneficiaries in 1996 21 in 2009 hmhs contract with the military was awarded to united military and veterans services a subsidiary of unitedhealth group hmhs protested that decision and the government accountability office upheld the protest in late 2009 22 legal campaign against drug price fixing edit humana filed a lawsuit in august 2019 alleging that 37 defendants engaged in a far reaching conspiracy to blatantly fix the price of generic drugs this follows a similar smaller lawsuit from october 2018 23 controversy edit this criticism or controversy section may compromise the article s neutrality please help integrate negative information into other sections or remove undue focus on minor criticisms and controversies september 2026 in 1987 humana sued nbc over a story line in the television medical drama st elsewhere in which the hospital was to be sold to a for profit medical corporation and renamed ecumena with subsequent changes to the hospital both positive and negative emanating from that change the company claimed that the program infringed on the humana trademark 24 humana failed to block the airing of the show 24 but was successful at forcing nbc into showing a disclaimer at the beginning of the september 30 episode saying that the drama had no connection whatsoever with humana 25 on may 30 1996 linda peeno a physician who was contracted to work for humana for nine months testified before congress as to the downside of managed care peeno said she was effectively rewarded by her employer for causing the death of a patient because it saved the company a half million dollars peeno stated that she felt the managed care model was inherently unethical 26 in 1999 season one of michael moore s tv series the awful truth reported on humana refusing to pay for a diabetic patient with pancreatic failure needing a transplant the man s policy stated it covered all of his diabetes related expenses but another section of the policy stated that it did not cover organ transplants moore conducted a fake funeral on the front steps of the humana building and three days later humana changed its policy and authorized the man s treatment 27 michael moore s 2007 documentary sicko used the video of linda peeno s testimony 28 on june 28 2007 humana declared that peeno was never a humana associate permanent full time employee but rather a part time contractor humana disputed portions of her congressional testimony by saying that because the patient s healthcare plan did not cover heart transplants denial of coverage was valid 29 on september 21 2009 the u s dept of health and human services opened an investigation into humana for sending flyers to medicare recipients that the aarp characterized as deceptive 30 the mail was made to appear to contain official information about medicare advantage and prescription drug benefit information but instead alleged that core medicare benefits could be cut by the obama administration s healthcare reform 31 a claim refuted by john rother aarp s executive vice president 32 douglas elmendorf the head of the congressional budget office cbo supported the claim that medicare benefits could be cut 33 but his comments were in reference to just one of several congressional bills cbo estimates of another healthcare reform bill found that changes to premiums would vary 34 the centers for medicare and medicaid services instructed humana to cease all such mailings to medicare plan members pending an investigation 31 hhs secretary kathleen sebelius in a letter to the insurance industry threatened that bad actors may be excluded from new health insurance markets that were to open in 2014 senate republicans pointed out in a letter to sebelius that a 1997 directive from the centers for medicare and medicaid services explicitly allowed hmos to tell members about legislation and urge them to express opinions citation needed see also edit top 100 contractors of the u s federal government list of major employers in louisville kentucky references edit 1 2 humana trademark details justia trademarks archived from the original on june 3 2026 retrieved february 17 2026 leadership team retrieved august 19 2026 humana inc 2024 annual report form 10 k u s securities and exchange commission february 20 2025 retrieved february 28 2025 strategy of humana umbrex archived from the original on december 27 2024 retrieved march 24 2025 migneault jesse april 13 2017 top 5 largest health insurance payers in the united states health payer intelligence archived from the original on may 28 2023 retrieved may 28 2023 larson chris february 20 2020 major humana investor sheds half of its holdings in the company louisville business first archived from the original on february 13 2023 retrieved april 26 2024 1 2 3 4 5 6 7 steve ivey and ed green november 11 2011 humana s history has been one of recognizing opportunities american city business journals archived from the original on april 2 2015 retrieved march 23 2015 grunden naida hagood charles 2012 lean led hospital design creating the efficient hospital of the future boca raton fl crc press p 236 isbn 978 1 4398 6828 7 cole robert j december 22 1977 t w a plans offer for medicorp shares the new york times issn 0362 4331 archived from the original on august 13 2017 retrieved january 24 2017 dreier peter march 18 2010 humana profits over people the huffington post archived from the original on february 2 2017 retrieved january 24 2017 burton thomas m august 10 1998 humana walks away from merger after united healthcare stock falls the wall street journal issn 0099 9660 archived from the original on june 25 2017 retrieved january 23 2017 humana to sell concentra medical center unit for 1 billion reuters march 23 2015 archived from the original on december 23 2015 retrieved march 23 2015 aetna acquiring humana for 37 billion businesswire july 3 2015 archived from the original on february 17 2024 retrieved april 26 2024 cancryn adam january 23 2017 judge blocks major health insurance merger politico archived from the original on january 25 2017 retrieved january 23 2017 wilde mathews anna kendall brent february 15 2017 antitrust rulings put chill on health insurance mergers the wall street journal archived from the original on march 13 2019 retrieved february 15 2017 japsen bruce april 5 2018 kindred shareholders approve humana deal forbes archived from the original on april 10 2019 retrieved september 28 2018 larson chris september 20 2018 humana cfo what we re trying to do with health care is fundamental transformation louisiana business first archived from the original on august 15 2022 retrieved september 28 2018 sebastian kristin broughton and dave june 28 2021 health insurer humana makes its interim cfo permanent wall street journal issn 0099 9660 archived from the original on june 29 2021 retrieved june 30 2021 schipper joel february 3 2026 louisville developer to build new downtown tower convert humana building into world class hotel wdrb archived from the original on february 3 2026 retrieved september 28 2026 kffmeredithf june 5 2026 medicare advantage in 2026 enrollment update and key trends kff retrieved august 19 2026 project healthcare effectiveness through resource optimization hearing diane publishing p 83 isbn 9781422323243 archived from the original on april 26 2024 retrieved november 28 2020 u s tricare contract protest by humana upheld cbs news november 29 2009 retrieved may 11 2020 humana alleges price fixing in lawsuit against generic drug makers october 21 2019 archived from the original on november 29 2023 retrieved april 26 2024 1 2 potts mark october 1 1987 humana sues nbc over name washington post issn 0190 8286 archived from the original on december 6 2024 retrieved october 5 2023 humana lawsuit over st elsewhere prompts tv disclaimer by nbc chicago sun times october 1 1987 archived from the original on may 16 2011 retrieved august 5 2009 via highbeam research testimony of linda 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reinsurance corporation hannover re instituto d...