Humana to Purchase Addision-Based Health Care Co.

Monday, Nov 22, 2010  |  Updated 9:00 AM CDT
View Comments (
)
|
Email
|
Print
Humana to Purchase Addision-Based Health Care Co.

Getty Images

With the help of a physical therapist, a boy takes his first steps after losing part of his foot.

advertisement

Health insurer Humana Inc. says it plans to purchase Texas-based health care company Concentra Inc. in an approximately $790 million cash deal.

Humana Chairman and CEO Michael B. McCallister said Monday that the acquisition will reinforce Humana's core business while diversifying revenue and creating expansion opportunities.

Concentra, based in Addison, delivers occupational medicine, urgent care, physical therapy and wellness services from more than 300 medical centers in 42 states.

Nearly 3 million Humana medical members live near a Concentra center.

The transaction still has to gain regulatory approval but is expected to close next month.

Get the latest headlines sent to your inbox!
View Comments (
)
|
Email
|
Print
Leave Comments
What's New
Get NBCDFW on Mobile!
Get NBCDFW's free news and weather... Read more
Follow Us
Sign up to receive news and updates that matter to you.
Send Us Your Story Tips
Check Out