Standard Management

Standard Management Corporation was an Indianapolis-based holding company that operated primarily in the healthcare services and financial sectors. Originally established as a life insurance provider through its subsidiary Standard Life Insurance Company of Indiana, the company pivoted in the early 2000s to focus on the healthcare industry, specifically pharmaceutical distribution, pharmacy benefit management (PBM), and long-term care pharmacy services through its U.S. Health Services Corporation subsidiary. Publicly traded on the Nasdaq under the symbol SMAN, the company faced financial distress in the mid-2000s, leading to the divestiture of its insurance operations in 2005 and the subsequent cessation of its healthcare service activities.