Founding of Humana
Humana was founded in 1961 by David A. Jones Sr. and Wendell Cherry as a nursing home company named Extendicare. The company initially focused on providing long-term care facilities for the elderly.
1961
1972
Transition to Hospital Management
In 1972, Humana transitioned from nursing homes to hospital management, selling its nursing homes and acquiring hospitals. The company changed its name to Humana Inc. to reflect its new focus.
1984
Introduction of Health Insurance
Humana entered the health insurance market in 1984, expanding its services to include health plans and insurance products. This move marked a significant shift in the company’s business model.
1993
Spin-off of Hospital Division
In 1993, Humana spun off its hospital operations into a separate company, Galen Health Care, to focus solely on health insurance and managed care services.
1998
Acquisition of Physician Practice Management Companies
Humana acquired several physician practice management companies in 1998, enhancing its capabilities in providing integrated healthcare services.
2001
Launch of Humana Military Healthcare Services
Humana launched Humana Military Healthcare Services in 2001, providing health insurance and services to military personnel and their families.
2005
Introduction of Medicare Advantage Plans
In 2005, Humana introduced Medicare Advantage plans, offering a range of healthcare options to Medicare beneficiaries.
2008
Humana acquired CompBenefits in 2008, expanding its dental and vision insurance offerings.
2011
Humana partnered with Walmart in 2011 to offer affordable prescription drug plans, making medications more accessible to its members.
2015
Acquisition of Concentra
In 2015, Humana acquired Concentra, a provider of occupational health services, further diversifying its healthcare offerings.
2018
Partnership with Walgreens
Humana partnered with Walgreens in 2018 to open senior-focused primary care clinics inside Walgreens stores, enhancing access to healthcare services for seniors.
2019
Acquisition of Enclara Healthcare
Humana acquired Enclara Healthcare in 2019, expanding its hospice and palliative care services.
2020
In 2020, Humana launched Humana Care Support, a comprehensive care management program designed to provide personalized support to members with complex health needs.
2021
Acquisition of Kindred at Home
Humana completed the acquisition of Kindred at Home in 2021, significantly expanding its home health care services.
2023
Expansion of Value-Based Care Initiatives
In 2023, Humana expanded its value-based care initiatives to improve health outcomes and reduce healthcare costs for its members.
2024
Humana introduced Humana Virtual Care in 2024, providing members with access to telehealth services and virtual consultations with healthcare providers.
