Newsletter Articles | February 1, 2000
Humana to Sell Workers’ Compensation and Medicare Supplemental Businesses
OPEN MINDS, The Behavioral Health & Social Service Industry Analyst
Industry News
Humana Inc. announced on January 3, 2000, that it has reached a definitive agreement to sell its wholly-owned subsidiary, PCA Property & Casualty Insurance Company (PCA P&C) as part of a company-wide focus on core managed care businesses. Humana has agreed to sell PCA P&C to FolksAmerica Holding Company, Inc. of New York, a subsidiary of Bermuda-based White Mountains Insurance Group, Ltd., for $125 million in cash. The proceeds of the sale . . .