Health insurer Humana Inc said on Monday that it would sell its Concentra urgent care and physical therapy services unit for about $1 billion to private equity firm Welsh, Carson, Anderson & Stowe and Select Medical Holdings Corp. Humana, which focuses on providing Medicare Advantage plans to older people, has been reviewing its assets. It purchased Concentra in 2010, before current Chief Executive Officer Bruce Broussard took the helm.
Humana Inc. (Humana) is engaged in providing health insurance and Medicare plans. Shares of HUM remained unchanged at $182.79. In the past year, the shares have traded as low as $103.89 and as high as $183.01. On average, 1223660 shares of HUM exchange hands on a given day and today's volume is recorded at 2.
Select Medical Holdings Corporation (SEM) is engaged in operating both specialty hospitals and outpatient rehabilitation clinics in the United States. Shares of SEM remained unchanged at $14.63. In the past year, the shares have traded as low as $11.41 and as high as $16.17. On average, 1327420 shares of SEM exchange hands on a given day and today's volume is recorded at 1280.