SBA Approves Mentor-Protégé Agreement Between Humana Military And Professional Management Enterprises

Humana Military Healthcare Services, a wholly owned subsidiary of Humana Inc. (NYSE: HUM), announces it has entered a one-year U.S. Small Business Administration (SBA) Mentor-Protégé agreement with Professional Management Enterprises, Inc (PME) of Indianapolis, Indiana, assisting the company in improving and successfully competing for Federal Government contracts. PME is an SBA section 8(a), service disabled Veteran-owned small business offering contract Staffing Optimization Solutions (SOS) for contract staffing optimization.

As a mentor, Humana Military will work collaboratively with PME providing both general and technical business knowledge while building a mutually beneficial business relationship for future Government contract offerings.

“Humana Military welcomes the opportunity to mentor our trusted partner PME,” said Tim S. McClain, president of Humana Government and Other Business. “Under this Mentor-Protégé agreement, we are able to address the developmental needs of PME and the SBA’s goal of helping socially and economically disadvantaged Americans gain access to economic opportunity, while developing a mutually beneficial business relationship,” McClain concluded.

The SBA’s Mentor-Protégé program enhances the capability of 8(a) participants to compete more successfully for federal government contracts. The program encourages private-sector relationships and expands SBA’s efforts to identify and respond to the developmental needs of 8(a) clients. For more info about the SBA and PME, please visit their websites at www.SBA.gov and www.pme-indy.com.

About Humana Military

Humana Military, a wholly owned subsidiary of Humana Inc. and headquartered in Louisville, Kentucky, has been a Department of Defense contractor for the administration of the TRICARE program since July 1, 1996. In August 2003, Humana Military was awarded the contract to provide health-benefits support and services to approximately three million active duty and retired military and their eligible family members in the 10-state South Region. For more information about Humana Military, please visit www.humana-military.com.

About Humana

Humana Inc., headquartered in Louisville, Kentucky, is a leading health care company that offers a wide range of insurance products and health and wellness services that incorporate an integrated approach to lifelong well-being. By leveraging the strengths of its core businesses, Humana believes it can better explore opportunities for existing and emerging adjacencies in health care that can further enhance wellness opportunities for the millions of people across the nation with whom the company has relationships.

More information regarding Humana is available to investors via the Investor Relations page of the company’s web site at www.humana.com, including copies of:

  • Annual reports to stockholders
  • Securities and Exchange Commission filings
  • Most recent investor conference presentations
  • Quarterly earnings news releases
  • Replays of most recent earnings release conference calls
  • Calendar of events (including upcoming earnings conference call dates and times, as well as planned interaction with research analysts and institutional investors)
  • Corporate Governance information

Copyright Business Wire 2010