February 7, 2006
Health insurer Humana Inc. said fourth-quarter profit rose on increased enrollment in its plans aimed at Medicare recipients. Net income jumped 37% to $64.6 million, or 39 cents a share, the Louisville, Ky.-based company said. Revenue rose 14% to $3.66 billion.
October 19, 2005 |
Humana Inc. said it had settled a six-year dispute with representatives of more than 700,000 physicians over reimbursement and would make a $40-million payment. Louisville, Ky.-based Humana joins other health insurers such as Aetna Inc. and Cigna Corp. in settling with the doctors. The agreement still must be approved by a federal judge in Miami, Humana said.
May 7, 2005 |
Health insurer Humana Inc. and Virgin Group Ltd. said they would form a partnership to sell health insurance and develop Virgin-branded health clubs. Financial terms weren't disclosed. The health clubs and insurance would be connected so that users could win discounted healthcare or Virgin products such as airline tickets and music if they met targets for keeping themselves healthy, the companies said.
November 2, 2004 |
Industrial conglomerate Tyco International Ltd. swung to a profit on a double-digit jump in sales and lower one-time charges compared with the same quarter a year earlier. Net income rose to $454 million, or 22 cents a share, for its fiscal fourth quarter ended Sept. 30. Excluding one-time charges totaling $524 million, or 23 cents a share, net income would have been 45 cents a share. Tyco, based in Pembroke, Bermuda, but run from West Windsor, N.J.
August 3, 2004 |
Tenet Healthcare Corp., the second-largest U.S. hospital chain, reached a two-year contract with Humana Inc. that gives the insurer's members continued access to Tenet's 15 hospitals and diagnostic centers in south Florida. The contract replaces an agreement that expired Sunday, the companies said. Terms weren't disclosed.
April 30, 2002 |
Humana Inc.'s first-quarter profit rose 75% as the operator of health plans for the U.S. government and employers controlled costs and left unprofitable markets. Net income rose to $46.8 million, or 28 cents a share, matching estimates. Sales rose 9.5% to $2.6 billion. Humana closed unprofitable plans with employers and canceled some contracts funded by government health insurance programs Medicare and Medicaid.