LEXINGTON, Ky. (AP) – David A. Jones Sr., who invested $1,000 to start a nursing home company that eventually became the $37 billion health insurance giant Humana Inc., has died at age 88.
Jones, who died early Wednesday, was a fierce advocate for profiting from health care as chief executive of Kentucky-based Humana for 37 years and its board chairman for 44 years.
Jones co-founded the company in 1961 with Wendell Cherry, investing $1,000 apiece, along with four others who put in $1,000 each. Humana eventually transformed into a large hospital company and later was converted into a health insurer.
Humana President and CEO Bruce Broussard says Jones’ death is a “sad day for me personally and for the Humana team.” Kentucky Gov. Matt Bevin called him a “true giant among men.”