» Subscribe Today!
More of what you want to know.
The Daily News
X

Forgot your password?
Skip Navigation LinksHome >
VOL. 126 | NO. 233 | Wednesday, November 30, 2011

Humana Announces Deal to Buy Chronic-Care Provider

AP

Print | Front Page | Email this story | Comments ()

LOUISVILLE, Ky. (AP) – Health insurer Humana Inc. says it is acquiring SeniorBridge, a New York-based chronic-care provider best known for offering in-home care for the elderly.

Terms of the deal were not disclosed Tuesday.

Humana CEO Michael B. McCallister says SeniorBridge fits into Humana's focus on delivering clinical care for seniors in their homes. The acquisition will add SeniorBridge's national network of 1,500 care managers.

Humana is one of the biggest providers of Medicare Advantage plans, which are government sponsored, privately-run programs offering comprehensive health coverage for seniors. SeniorBridge's current focus is private-pay customers, but Humana says it will leverage SeniorBridge's business across its health plan membership.

The Louisville, Ky., company says SeniorBridge's 2011 revenue will total about $72 million.

The transaction is expected to close in the first half of 2012.

Copyright 2011 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Sign-Up For Our Free Email Edition
Get the news first with our daily email


 
Blog Get more from The Daily News
Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 38 349 15,066
MORTGAGES 111 449 19,779
FORECLOSURE NOTICES 0 58 3,853
BUILDING PERMITS 0 512 35,842
BANKRUPTCIES 58 305 14,339
BUSINESS LICENSES 18 138 5,129
UTILITY CONNECTIONS 69 385 21,817
MARRIAGE LICENSES 0 93 4,650

Weekly Edition

Issues | About

The Memphis News: Business, politics, and the public interest.