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Humana Acquires Corphealth, Inc.

Humana Acquires Corphealth, Inc.

December 22, 2005 at 12:01 PM EST
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LOUISVILLE, Ky.--(BUSINESS WIRE)--Dec. 22, 2005--Humana Inc. (NYSE: HUM) today announced that it has acquired Corphealth, Inc., a behavioral health care management company based in Fort Worth, Texas for cash consideration of approximately $54 million.

"The acquisition of Corphealth allows Humana to seamlessly integrate coverage of medical and behavioral health benefits," said Thomas J. Liston, senior vice president - strategy and corporate development for Humana. "Corphealth's focus on the integration of behavioral and medical care management fits well with Humana's strategy to improve the well-being of its members. The integration of these elements is expected to enhance results from existing disease management and population health initiatives while providing simplicity for our members - a key element in furthering consumerism in health care."

Corphealth offers a nationwide network of 22,000 behavioral health providers and currently serves approximately 2 million members, including employers, health insurance companies, and union trusts. Humana expects this transaction will have no material effect upon its earnings for the year ending December 31, 2006.

About Humana

Humana Inc., headquartered in Louisville, Kentucky, is one of the nation's largest publicly traded health benefits companies, with approximately 7 million medical members. Humana offers a diversified portfolio of health insurance products and related services - through traditional and consumer-choice plans - to employer groups, government-sponsored plans, and individuals.

Over its 44-year history, Humana has consistently seized opportunities to meet changing customer needs. Today, the company is a leader in consumer engagement, providing guidance that leads to lower costs and a better health plan experience throughout its diversified customer portfolio.

More information regarding Humana is available to investors via the Investor Relations page of the company's web site at http://www.humana.com, including copies of:

  • Annual report to stockholders;


  • Securities and Exchange Commission filings;


  • Most recent investor conference presentation;


  • Quarterly earnings news releases;


  • Replays of most recent earnings release conference call;


  • Calendar of events (includes upcoming earnings conference call dates, times, and access number, as well as planned interaction with institutional investors);


  • Corporate Governance Information.

CONTACT: Humana Inc., Louisville
Investor Relations:
Regina Nethery, 502-580-3644
Rnethery@humana.com
or
Corporate Communications:
Tom Noland, 502-580-3674
Tnoland@humana.com

SOURCE: Humana Inc.