Humana (NYSE: HUM) CEO explains Concentra purchase


Humana (NYSE: HUM) chief executive Michael McAllister explained that the insurer's interest in purchasing Concentra was primarily to get a physician-management platform it can use for such purposes as occupational health, according to the Houston Chronicle. "We think there is a big future in work-site wellness," he said. Concentra is also in the urgent care business in a "material way" so Humana can urge people where appropriate to use urgent care centers instead of hospital emergency rooms. "Then we're moving around the country expanding our Medicare Advantage business and we're thinking there are opportunities to put clinics in certain geographies to respond to the needs of seniors," he said. Article