Humana Launches $83M Pharmacy Distribution Center in Orlando, Florida
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 4 days ago
0mins
Humana announced the start of full operations of its newest CenterWell Pharmacy mail order distribution center, in Orlando, Florida. The $83M facility bolsters capacity for prescription medication delivery across Florida and the country and reinforces Humana's longstanding commitment to providing members and patients across the Sunshine State with a simpler, more coordinated care experience. The 162,000 square-foot Orlando distribution center can process and dispense up to 64,000 prescriptions per day. The facility employs more than 165 people - including pharmacists, pharmacy technicians, engineers, and software specialists - with plans to hire more to support pharmacy growth. To mark the site's full operational status, CenterWell is holding a ribbon-cutting celebration today, to be attended by local dignitaries.
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Analyst Views on HUM
Wall Street analysts forecast HUM stock price to fall
19 Analyst Rating
6 Buy
12 Hold
1 Sell
Moderate Buy
Current: 308.700
Low
231.00
Averages
290.39
High
344.00
Current: 308.700
Low
231.00
Averages
290.39
High
344.00
About HUM
Humana Inc. provides Humana insurance services and CenterWell health care services. The Company's segments include Insurance and CenterWell. The Insurance segment consists of Medicare benefits, marketed to individuals or directly via group Medicare accounts, as well as its contract with CMS to administer the Limited Income Newly Eligible Transition (LI-NET) prescription drug plan program and contracts with various states to provide Medicaid, dual eligible demonstration, and Long-Term Support Services benefits. This segment also includes products consisting of employer group commercial fully-insured medical and specialty health insurance benefits marketed to individuals and employer groups. The CenterWell segment includes its pharmacy, primary care, and home solutions operations. The segment also includes its strategic partnerships with WCAS to develop and operate senior-focused, payor-agnostic, primary care centers, as well as its minority ownership interest in hospice operations.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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