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Business Update
Humana says it will buy Florida health plan for $408 million
January 9th, 2005
Humana Inc. announced plans December 14, 2004, to acquire CarePlus Health Plans of Florida in a $408 million deal that Humana said would boost the health benefit company's Medicare business in South Florida and help lift earnings. Louisville-based Humana's stock closed at $30.02 a share, up $1.12, or 3.9%, on the New York Stock Exchange. The company predicted the acquisition, which includes 10 medical centers plus a pharmacy management company in Miami-Dade County, will increase earnings by 15 to 18 cents per share in the first year. Humana on December 14, 2004, raised its 2005 earnings projection to $2.10 to $2.13 a share,...
Source: Aging & Elder Health Week (2005-01-09)
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