Humana Stock Price, News & Analysis

CenterWell Senior Primary Care is celebrating the grand opening of its new center in Gladstone, Missouri, marking the first of 23 centers planned to open near Walmart locations across four states by mid-2024. The Gladstone facility, operational since December 2024, is part of Humana's Primary Care Organization (PCO), which operates over 340 centers serving approximately 390,000 seniors.

The centers feature specialized senior care facilities with dedicated entrances, easy parking, and activity centers open to the community. The facilities are staffed by board-certified physicians, nurse practitioners, and various healthcare specialists trained in senior care. Recent data shows their value-based care model resulted in 10% more primary care visits and 278,000 fewer inpatient admissions for Medicare Advantage patients in 2023 compared to Original Medicare.

Additional centers will open near Walmart stores in Tampa/St Petersburg, Orlando, Jacksonville, Atlanta, and Dallas/Fort Worth metropolitan areas. The centers accept Original Medicare and various Medicare Advantage health plans.

CenterWell Senior Primary Care and Conviva Senior Primary Care have partnered with Icon Health to provide integrated musculoskeletal care for seniors in Palm Beach County. The collaboration embeds specialized advanced practice providers in primary care centers, offering both in-person and virtual care delivery options.

The partnership focuses on treating musculoskeletal conditions like back pain, arthritis, and joint injuries, which are major causes of disability among seniors. Icon's value-based care model emphasizes early intervention, precise diagnosis, and personalized treatment plans. The program features virtual-first access to specialists, proactive coordinated care, and decision support tools for symptom identification.

The service accepts patients with Original Medicare and various Medicare Advantage plans, ensuring accessibility for eligible seniors.

Humana (NYSE: HUM) has successfully completed a $1.25 billion debt offering through senior notes. The offering consists of:

• $750 million in 5.550% senior notes due 2035 at 99.885% of principal
• $500 million in 6.000% senior notes due 2055 at 98.951% of principal

The net proceeds of approximately $1.231 billion will be used to repay the company's 4.500% Senior Notes due in April 2025, with the remainder allocated for general corporate purposes, including potential repayment of existing debt and commercial paper program borrowings. The offering was managed by Barclays Capital, BofA Securities, J.P. Morgan Securities, Mizuho Securities USA, and U.S. Bancorp Investments.

AM Best has assigned a 'bbb' (Good) rating to Humana Inc.'s new senior unsecured notes: $750 million at 5.5% due 2035 and $500 million at 6.0% due 2055. The proceeds will be used for general corporate purposes, including repayment of $600 million in existing debt due April 2025 and approximately $885 million in commercial paper.

The issuance will temporarily increase financial leverage from 42% to approximately 45%, above Humana's long-term target of 40%. While EBIT interest coverage remains solid at 5-8 times, it has declined from previous double-digit levels due to increased Medicare Advantage utilization and reimbursement changes in 2023-2024.

Humana maintains strong liquidity with $3 billion in operating cash flows and $1.5 billion in subsidiary dividends for 2024. The company's financial position is supported by $4.75 billion in credit lines and a $4 billion commercial paper program.

Humana (NYSE: HUM) has announced pricing for a $1.25 billion senior notes offering, comprising $750 million of 5.550% notes due 2035 and $500 million of 6.000% notes due 2055. The offering is expected to close on March 5, 2025.

The company anticipates net proceeds of approximately $1.231 billion after deducting underwriters' discounts and offering expenses. These funds will be primarily used to repay Humana's 4.500% Senior Notes due in April 2025, with the remainder allocated for general corporate purposes, including potential repayment of existing debt and commercial paper borrowings.

The offering is being managed by joint book-running managers including Barclays Capital, BofA Securities, J.P. Morgan Securities, Mizuho Securities USA, and U.S. Bancorp Investments.

Humana (NYSE: HUM) has announced a new value-based care partnership with Thyme Care to enhance cancer care support for eligible Medicare Advantage members. The collaboration aims to provide comprehensive oncology services through 24/7 virtual care navigation and data-driven insights.

The program is now available to eligible Humana Medicare Advantage members in seven states: Michigan, New York, Illinois, Indiana, Tennessee, Pennsylvania, and New Jersey. Key services include:

• 24/7 virtual care navigation with dedicated oncology care teams
• Community support for resources like financial assistance and transportation
• Coordinated care between oncologists, primary care physicians, and specialists

The initiative focuses on reducing care gaps, minimizing unnecessary expenses, and providing comprehensive support for cancer patients while managing treatment complexities and costs.

The Humana Foundation, philanthropic arm of Humana Inc. (NYSE: HUM), has announced a $250,000 donation to support disaster recovery efforts in Eastern Kentucky following catastrophic flooding and winter snowstorm activity. The donation will be split between two organizations: $150,000 to the Foundation for Appalachian Kentucky and $100,000 to the Team Kentucky Storm Relief Fund.

The devastating floods have resulted in at least 14 deaths and left many residents in Pike and Madison Counties displaced without access to clean drinking water. The funds will provide immediate support for basic needs including food, shelter, water, and medical care, while also addressing long-term recovery needs of affected communities.

Governor Beshear acknowledged the donation, praising the Humana Foundation's continued partnership with Team Kentucky. Tiffany Benjamin, CEO of the Humana Foundation, emphasized their commitment to supporting diverse and underserved communities during crisis situations.

Humana (NYSE: HUM) has announced its Board of Directors' declaration of a quarterly cash dividend of $0.885 per share. The dividend will be payable on April 25, 2025, to stockholders of record as of the close of business on March 28, 2025.

The company operates through Humana insurance services and CenterWell health care services, focusing on providing healthcare solutions for people with Medicare, Medicaid, families, individuals, military service personnel, and communities. Their mission centers on making healthcare access easier and improving quality of life for their customers.

CenterWell Senior Primary Care and Conviva, Humana's primary care brands, announced expansion plans for 2025, targeting 20-30 new centers across 10 states and four new metro areas. The expansion includes new locations in Augusta and Savannah (Georgia), the Triad Region (North Carolina), and Wichita (Kansas).

As the nation's largest senior primary care provider, the organization currently serves approximately 390,000 seniors across more than 340 centers as of December 31, 2024. The expansion includes completing the opening of 11 Walmart co-located centers by mid-2025.

The companies operate under a value-based care model, with physicians spending up to 50% more time with patients compared to typical providers. A Harvard University and Humana Health Research study confirmed their model offers better access to primary care compared to other organizations.