Humana acquiring HMO Arcadian to boost Medicare enrollment

Humana (NYSE: HUM) is acquiring health management organization Arcadian Management Services, as part of an effort to better market its Medicare-related offerings, reports the Wall Street Journal.

Buying Arcadia--an HMO that operates Medicare Advantage plans--allows Humana to expand its Medicare footprint and grow its Medicare enrollment, the Associated Press reports. Arcadian has about 64,000 members in 15 states and generated $622 million revenue last year.

The acquisition comes as federal and state budget cuts offer new opportunities for managed care companies like Humana to penetrate the Medicare and Medicaid markets, the WSJ notes.

The acquisition likely will be complete later this year, pending approval from federal and state regulators, the AP reports. Terms of the deal were not disclosed.

To learn more:
- read the Wall Street Journal article
- check out the AP story

Related Articles:
Humana (NYSE: HUM) CEO explains Concentra purchase
Aetna adds consumer-based services with PayFlex purchase
HealthSpring buys Bravo Health for $545 million
Medicare Advantage plans get payment increase

Suggested Articles

New York has required insurers to defer premium payments for individual and small group plans if the customers are under financial hardship.

The Pew Charitable Trusts is calling for federal policymakers to move forward with data-sharing regulations in the midst of the COVID-19 outbreak.

Humana is launching new initiatives aimed at easing the administrative burden on providers as they treat patients with COVID-19.