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HistoryThe company was founded by David Jones and Wendell Cherry as a nursing home company in 1961. Then known as Extendicare, the company became the largest nursing home company in the United States. Extendicare later moved into purchasing hospitals in 1968, becoming the world's largest hospital company in the 1980s. In 1984, Humana began offering heath insurance. In 1985, Humana brought the pioneering artificial heart research of Dr. Robert Jarvik and Dr. William DeVries to Louisville, creating the Humana Heart Institute. In 1993, Humana spun-off its hospital operations from the health insurance operations. The new company was called Galen Health Care Inc. Soon after, Galen merged with Columbia/HCA. Michael B. McCallister, a 32 year company veteran, is president and chief executive officer of Humana. McCallister began his career in 1974 as a financial analyst in the company's finance department. David Jones, Jr. serves as chairman of the board of directors. The company is listed on the New York Stock Exchange under the trading symbol "HUM." |
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