Humana became the company's brand in 1974. A unique characteristic of the corporation was that management decisions were never made out of conformity. Certain policies like refusing to overpay for acquisition of hospitals, refusal to manage hospitals that were not company-owned and rigid cost-control measures were strictly enforced in a management type that was centralized. The corporation focused on profitable goals and was very strict in terms of productivity. There was a change in policy in the 1990's when management sought to improve its relations with doctors and patients. This can be credited to Gregory H. Wolf who is the current CEO with Jones remaining as the chairman. Two major acquisitions were done in 1997. These included Physician Corporation of America for $290 million in cash and ChoiceCare Corporation for $250 million. Today, Humana's yearly revenues amount to more than $28 billion. The megamerger created a $5. 4 billion stock swap with United HealthCare Corporation on May 28, 1998.
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