{"id":393175,"date":"2020-12-03T16:18:35","date_gmt":"2020-12-03T21:18:35","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=393175"},"modified":"2020-12-03T16:18:35","modified_gmt":"2020-12-03T21:18:35","slug":"humanas-medicaid-membership-to-grow-with-icare-acquisition-in-wisconsin","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/humanas-medicaid-membership-to-grow-with-icare-acquisition-in-wisconsin\/","title":{"rendered":"Humana\u2019s Medicaid Membership to Grow with iCare Acquisition in Wisconsin"},"content":{"rendered":"

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Humana\u2019s Medicaid Membership to Grow with iCare Acquisition in Wisconsin<\/b><\/p>\n

LOUISVILLE, Ky.–(BUSINESS WIRE<\/a>)–
\nLeading health and well-being company Humana Inc<\/a>. (NYSE: HUM) \u2013 a 50 percent owner of Wisconsin health care company iCare \u2013 announced today that it will acquire the remaining 50 percent of iCare from the company\u2019s co-owner, Centers for Independence, Inc. (CFI). The joint venture dates back to 1994 and serves members in Wisconsin through Medicaid and Medicare offerings.\n<\/p>\n

\niCare currently serves 44,000 members through Wisconsin\u2019s Medicaid SSI program, BadgerCare program, and Medicare D-SNP plans for people who are eligible for both Medicare and Medicaid.\n<\/p>\n

\n\u201cAs Humana continues its work to expand its Medicaid business, we are excited to fully participate in Wisconsin Medicaid and leverage our innovation, strong capabilities and deep Wisconsin employment base to better support Medicaid recipients across the state,\u201d said John Barger, Senior Vice President and President of Humana\u2019s Medicaid Business, Humana Healthy Horizons. \u201cGiven our successful joint venture with CFI, Humana\u2019s long-standing commitment to Wisconsin \u2013 including coverage offerings across Medicare, Medicaid and Commercial product lines \u2013 we look forward to serving more beneficiaries and deepening our community presence through this transaction.\u201d\n<\/p>\n

\nWith its entry into the Wisconsin Medicaid program, Humana will also be able to offer Medicare D-SNP plans in the state.\n<\/p>\n

\nThe acquisition will increase Humana\u2019s overall Medicaid membership to more than 730,000 Medicaid members across four states \u2013 Florida, Illinois, Kentucky and Wisconsin.\n<\/p>\n

\n\u201cAll of us at iCare are proud of the way we treat our members, and for the outstanding service we provide,\u201d said Tom Lutzow, President and CEO of iCare. \u201cIt means a great deal to us that Humana recognizes the commitment that our 370+ employees bring to our members every day. We look forward to being a part of Humana\u2019s efforts to serve communities and help people achieve their best health.\u201d\n<\/p>\n

\nThe closing of the transaction is subject to customary state regulatory filings as well as other customary closing conditions. Financial terms of the transaction were not disclosed.\n<\/p>\n

About Humana<\/span><\/b><\/p>\n

\nHumana Inc. (NYSE: HUM) is committed to helping our millions of medical and specialty members achieve their best health. Our successful history in care delivery and health plan administration is helping us create a new kind of integrated care with the power to improve health and well-being and lower costs. Our efforts are leading to a better quality of life for people with Medicare, families, individuals, military service personnel, and communities at large.\n<\/p>\n

\nTo accomplish that, we support physicians and other health care professionals as they work to deliver the right care in the right place for their patients, our members. Our range of clinical capabilities, resources and tools \u2013 such as in-home care, behavioral health, pharmacy services, data analytics and wellness solutions \u2013 combine to produce a simplified experience that makes health care easier to navigate and more effective.\n<\/p>\n

\nMore information regarding Humana is available to investors via the Investor Relations page of the company\u2019s web site at www.humana.com<\/a>, including copies of:\n<\/p>\n