Humana to Expand Medicaid Services in Wisconsin with Acquisition of Inclusa, Inc.
August 12 2022 - 9:00AM
Business Wire
Humana Inc. (NYSE: HUM) announced today that it will acquire
substantially all of the assets of Inclusa, Inc., a Managed Care
Organization (“MCO”) in Wisconsin that provides long-term care
services and supports to approximately 16,600 older adults and
adults with disabilities through the state’s Family Care program.
For more than 20 years, Inclusa has partnered with local healthcare
providers and community resources to connect members with the
support and services they need. Inclusa’s programs help eligible
seniors and adults with disabilities to live independently in the
communities they call home.
As an MCO, Inclusa works with over 6,000 service providers in
approximately 40 service categories and is contracted with the
State of Wisconsin and permitted through the Office of the
Commissioner of Insurance to provide Family Care services and
supports in 68 of Wisconsin’s 72 counties.
“For decades, Humana has been focused on improving the health
and wellbeing of the people of Wisconsin and we are pleased to
expand both our geographic presence and the scope of services we
can offer through the acquisition of Inclusa,” said John Barger,
Humana Medicaid President. “The long-term care services delivered
by Inclusa and their contracted providers under Wisconsin’s Family
Care program provide important assistance for eligible individuals
that value their member-centered care model. We look forward to
combining Inclusa’s and Humana’s expertise and capabilities to grow
the Inclusa business and help even more people get the long-term
care they need.”
“Since our founding in 2000, the mission of Inclusa has been to
maximize health outcomes for our members by proactively partnering
with others to build vibrant and inclusive communities in Wisconsin
that offer people dignity, choice, and connections,” said Mark
Hilliker, Inclusa Chief Executive Officer. “I am proud of the
success we have achieved and look forward to the greater impact our
team can have as part of Humana.”
The acquisition of Inclusa follows Humana’s 2020 acquisition of
Wisconsin health care company iCare and will further increase the
number of Medicaid recipients served by Humana, which currently
totals approximately 1 million Medicaid members across five states
– Florida, Illinois, Kentucky, South Carolina and Wisconsin. Humana
was also recently awarded contracts in Ohio and Louisiana.
The 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.
About Humana
Humana Inc. 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.
To 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 – such as in-home care,
behavioral health, pharmacy services, data analytics and wellness
solutions – combine to produce a simplified experience with the
goal of making health care easier to navigate and more
effective.
More information regarding Humana is available to investors via
the Investor Relations page of the company’s website at humana.com,
including copies of:
- Annual reports to stockholders
- Securities and Exchange Commission filings
- Most recent investor conference presentations
- Quarterly earnings news releases and conference calls
- Calendar of events
- Corporate Governance information.
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version on businesswire.com: https://www.businesswire.com/news/home/20220812005046/en/
Investors: Lisa Stoner - Humana Investor Relations; (502)
580-2652; lstamper@humana.com
Media: Mark Taylor - Humana Corporate Communications;
(317) 753-0345; MTaylor108@humana.com
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