Continuing on the path of divesting underperforming divisions, Louisville, Ky.-based Humana has sold its small West Coast plan, HMO California.
Acquired by Humana in 1995, HMO California had fewer than 10,000 enrollees when it was sold last week to Los Angeles-based Healthmax for an undisclosed amount. The Newport Beach-based HMO California was founded in 1987.
Humana executives said the company would continue to operate its PPO and point-of-service products in California, which are doing well.
Earlier this year, Humana sold off two plans, one serving Alabama and the other, the District of Columbia.
In June, however, it acquired three other health plans: Miami-based Physician Corporation of America, Cincinnati-based ChoiceCare and Chicago-based Health Direct.