Humana To Take Full Control Of Home Health Firm Kindred At Home For $5.7 Billion
28 April 2021 - 7:44AM
Dow Jones News
By Micah Maidenberg
Humana Inc. said it would purchase the remaining stake in a home
health and hospice provider that it doesn't already own.
Humana on Tuesday said it would acquire a 60% stake in Kindred
at Home from TPG's private-equity arm and Welsh, Carson, Anderson
& Stowe, another private-equity investor, for $5.7 billion.
The health-insurance company currently owns a 40% minority
interest in Kindred, which employs about 43,000 people who provide
home health, hospice and other services in 40 states. Humana
described the company as the largest home health and hospice
provider in the U.S.
"This acquisition reflects Humana's continued commitment to
investing in home-based clinical solutions that drive improved
patient outcomes, increased satisfaction for patients and providers
and value for health plan partners," the company said.
Kindred will be folded into Humana's home solutions business,
the company said, and rebranded as CenterWell Home Health.
Humana also said it plans to maintain only a minority interest
in Kindred's hospice and community care operations. It is exploring
a potential public listing, among other options, for those
assets.
Write to Micah Maidenberg at micah.maidenberg@wsj.com
(END) Dow Jones Newswires
April 27, 2021 17:29 ET (21:29 GMT)
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