Humana will consolidate its Louisville, Ky., headquarters, exiting the 27-story tower that bears its name.
The company decided to leave the building as the company evolved to offer more flexible workstyles, the company said in a statement shared with Becker's. Humana will exit the downtown Louisville location over the next 18 to 24 months, and employees will work from the nearby Waterside Building and Clocktower Building.
"While the opportunity to have our Louisville-based employees all together in one location is exciting, the decision to exit Humana Tower was not easy. Serving as our flagship location since it was built in 1985, the Tower is an iconic part of the Louisville skyline and the site of many of the company's historic accomplishments," the spokesperson said.
Humana has around 10,000 employees in the Louisville area, the spokesperson said, and around 25% work from the company's offices on any given day.
The tower is safe for employees and visitors, but Humana has "invested a considerable amount in remediating structural components of the Humana Tower to rectify original design, engineering and construction issues," a spokesperson said. In March, Humana sued three companies who designed and built the tower, alleging the building had structural defects, the Louisville Courier-Journal reported.
Humana is working with Louisville city officials to identify future uses for the building, according to its statement.
"Following the consolidation of our campus footprint, Humana will remain a strong anchor for the downtown Louisville business community, with our company and our employees providing a positive economic impact for the city," the spokesperson said. "The Waterside and Clocktower buildings offer our employees modern facilities and amenities that are well-suited to their workstyles. We look forward to seeing our employees thrive with the high energy and creative opportunities of a centralized campus."
With fewer employees spending five days a week in-office, other insurers have moved to consolidate office space. In September, UnitedHealth Group announced plans to exit its headquarters in Minnetonka, Minn., and move its headquarters to Optum's main campus in nearby Eden Prairie.