Humana Acquires Family Physicians Group in Central Florida
April 10 2018 - 4:15PM
Business Wire
Humana Inc. (NYSE: HUM) today announced the completion of the
acquisition of Family Physicians Group (FPG). Headquartered in
Orlando, Florida, FPG is one of the largest at-risk providers
serving Medicare Advantage and Managed Medicaid HMO patients in
Greater Orlando with a footprint that includes 22 clinics located
in Lake, Orange, Osceola and Seminole counties.
“We are privileged to welcome the outstanding clinicians who
make up Family Physicians Group to Humana,” said Renee Buckingham,
Humana’s Segment President, Care Delivery. “Their commitment and
expertise in caring for the people of Central Florida, especially
seniors with chronic conditions, aligns perfectly with Humana’s own
dedication to helping our Medicare, Medicaid, and commercial
members achieve their best health.”
FPG currently provides care for over 22,000 Medicare Advantage
patients, including nearly 4,000 Humana members. Additionally, FPG
also serves over 21,000 patients in other lines of business
including Medicaid, Medicare Fee-For-Service, and commercial. FPG
is accredited by the National Committee for Quality Assurance as a
Level III Patient-Centered Medical Home and has been recognized for
its diabetes and heart/stroke clinical programs.
The acquisition of FPG advances Humana’s strategy of helping
physicians and clinicians evolve from treating health episodically
to managing health holistically. Humana values clinical leadership
and the critical role physicians play in achieving improved health
outcomes for patients, reducing medical expenses and transforming
health care nationally.
“We are pleased with our achievements and are committed to
continuing the quality care we provide to our patients across all
our payer partners,” said Betty Assapimonwait, Chief Executive
Officer of FPG, who along with her leadership team, will continue
to operate FPG as a payer-agnostic physician group serving multiple
health plans. FPG utilizes a comprehensive care management model
and proactive medical management initiatives to improve patient
outcomes and make health care more affordable.
“Family Physicians Group has a long history of providing
integrated, value-based care to the patients they serve throughout
the Greater Orlando market. We believe their payer-agnostic model
and focus on value based care makes FPG an ideal fit to anchor our
primary care business in Orlando,” Buckingham added. “We are
actively expanding our primary care model and are committed to
creating a national footprint of high-performing, senior-focused
primary care physicians. FPG advances this strategy in Central
Florida. It will remain focused on delivering clinical excellence
through its strong, highly qualified and engaged team to all
Central Florida patients, regardless of their health plan
affiliation.”
The transaction was completed on April 10, 2018 and financial
terms were not disclosed. The acquisition of FPG is not expected to
have a material impact on Humana’s 2018 financial guidance.
About Humana
Humana Inc. (NYSE: HUM) 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 that makes
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/20180410006476/en/
Humana Inc.Investor Relations:Amy Smith,
502-580-2811Amysmith@humana.comorCorporate
Communications:Mark Mathis, 312-441-5010Mmathis@humana.com
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