Ambea Boosts Share Capital as Humana Takeover Advances

Blue Cross and Blue Shield of Texas will stop offering Medicare Advantage plans after 2026, affecting 227 counties. UnitedHealthcare and Humana are also exiting multiple counties. UnitedHealthcare is leaving 228 counties, Humana 62, and HCSC 498. UnitedHealthcare's Bobby Hunter cited higher operating costs. Florida health systems Lee Health, Sarasota Memorial, and AdventHealth are ending contracts with UnitedHealthcare. Open enrollment for 2027 runs through Dec. 7.

Humana, a healthcare and social care company, will delist from Nasdaq Stockholm today after Ambea acquired 98% of its shares. Ambea, a Sweden-based care company, plans a compulsory redemption for the remaining shares post-delisting. Ambea operates in the Nordic countries, offering elderly care, disability care, and psychosocial support services.

Humana and UnitedHealthcare are canceling Medicare Advantage plans affecting 1 million seniors. Humana's move impacts 600,000 enrollees, while UnitedHealthcare's decision affects 390,000 members, citing rising costs and demand. Both companies offer alternative plans.

Humana and UnitedHealthcare are discontinuing some Medicare Advantage plans, affecting about 1 million seniors. Humana's decision impacts 600,000 enrollees, while UnitedHealthcare's affects 390,000. Both companies cited higher costs and increased plan usage as reasons, and will offer alternative plans to most affected members.

Humana reported Q3 revenue of SEK 2,592m, up 4% YoY, with adjusted operating profit increasing 6% to SEK 221m. EBITDA rose to SEK 360m, and net profit reached SEK 123m. Growth was driven by price increases and efficiency improvements in Sweden, while Norway showed strong organic growth. Humana was acquired by Ambea and will delist from Nasdaq Stockholm. The company did not provide a new earnings forecast.

UnitedHealthcare and Humana are discontinuing Medicare Advantage plans covering nearly 1 million members, withdrawing from less profitable markets. UnitedHealthcare is ending plans for 390,000 members, while Humana is cutting 600,000. Both companies are focusing on more profitable products and regions, according to reports. Rising medical costs are driving these changes, with insurers reducing flexible PPO plans and increasing out-of-pocket expenses for members.