Health care company and insurance giant Humana Inc. (NYSE: HUM) is rumored to be one step closer to divesting Kindred at Home’s hospice business. The Louisville, Kentucky-based Humana has begun a divestiture process in collaboration with Goldman Sachs, Axios reported Monday, noting that the information came from three different sources. The process is supposedly targeting […]
Last year finished with a flurry of hospice transactions, with private equity groups continuing to show ample interest in the space. Overall, there were at least 23 hospice-related deals in 2021’s fourth quarter, according to a recently released report from M&A advisory firm Mertz Taggart. That total is on par with the 23 that came […]
This year was transformational for the hospice space. The industry took its first steps towards value-based payment through the hospice component of the value-based insurance design model, or Medicare Advantage hospice carve-in. Providers also saw an overhaul of the U.S. Centers for Medicare & Medicaid Services’ (CMS) survey process, all while contending with COVID-19 headwinds […]
Despite prevailing COVID-19 headwinds, the hospice and home health mergers and acquisitions market shows no signs of slowing. Labor shortages plaguing the industry may be spurring additional activity as the dwindling workforce is limiting some providers’ ability to grow organically. A number of the larger strategic buyers — LHC Group (NASDAQ: LHCG), Amedisys (NASDAQ: AMED), […]
Humana (NYSE: HUM) is currently migrating Kindred at Home’s home health services into its health care service brand, CenterWell. The company will be focused on expanding the acquired asset’s footprint in select markets in North Carolina and Virginia in 2022 as it paves the way for a hospice spin off. Humana in April completed the […]
Private equity investors remain bullish on hospice with no signs of slowing down. However, with a number of high-profile transactions completed or in the works during 2020 and 2021, the number of hospices of scale that are likely to come to market is dwindling. During the next few years, PE firms will likely fix their […]
Humana, Inc. (NYSE: HUM) has completed its purchase of Kindred at Home in an $8.1 billion transaction. The company obtained a 40% stake in Kindred in 2018. Through this transaction Humana gains the remaining 60% from private equity firms Welsh, Carson, Anderson & Stowe (WCAS) and TPG Capital. The price tag includes Humana’s equity value […]
The U.S. Senate Finance Committee is investigating private equity interest in the home health and hospice provider Kindred at Home. The move reflects growing concern among lawmakers about the impact of private equity’s involvement in hospice. The private equity firms Welsh, Carson, Anderson & Stowe (WCAS) and TPG Capital in 2018 acquired a combined 60% […]
The hospice mergers and acquisitions market has been exploding in recent years, continuing to gain momentum despite pandemic-related pitfalls. Still, hospices need to tread lightly and keep a close watch on where they measure up in the highly competitive market, with quality and compliance posing the greatest risks to their value propositions, according to M&A […]
Humana Inc. (NYSE: HUM) expects its acquisition of a 100% interest in Kindred at Home will boost its financial outlook for 2021 and 2022. The company expects that soon-to-be implemented value-based models will be a primary driver of value for that newly acquired segment. Humana in April announced plans to acquire the remaining 60% stake […]
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