Home Health Care News April 27, 2021
When Humana Inc. (NYSE: HUM) teamed up with private equity giants TPG Capital and Welsh, Carson, Anderson & Stowe (WCAS) to acquire Kindred Healthcare in July 2018, it was only a matter of time before the Louisville, Kentucky-based health insurer went off on its own.
That time has finally arrived.
As part of that $4.1 billion tag-team deal for Kindred three years ago, Kindred at Home was broken off into a standalone company, with Humana owning 40% and the remainder controlled by the TPG Capital and WCAS. Humana on Tuesday announced it’s acquiring the remaining 60% for an enterprise value of $8.1 billion, which includes Humana’s existing equity value of $2.4 billion associated with its existing ownership stake.
Taking the...
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