Humana To Acquire Home Health Company American Eldercare

Humana Inc. (NYSE: HUM) announced Wednesday it will acquire American Eldercare Inc., the largest provider of nursing home diversion services in Florida, for an undisclosed sum. 

American Eldercare, established in 1993 as a home health agency, has expanded its services over the last two decades to include home-based skilled nursing, medical rehabilitation and private-duty services to people in their homes.  

The company currently operates in 23 counties within Florida. 

“As the only Provider Service Network selected to provide Medicaid long-term care services across the entire state of Florida, American Eldercare complements Humana’s core capabilities and strength in serving seniors and disabled individuals with a unique focus on individualized and integrated care,” Humana said in a statement. 

Terms of the deal were not disclosed, but Humana reported annualized revenues for American Eldercare of approximately $75 million with that revenue anticipated to increase to more than $1 billion in 2015.

The acquisition is expected to close in the fourth quarter of 2013. 

Written by Elizabeth Ecker

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Elizabeth Ecker
Director of Content at Home Health Care News
Curious about all things, when not writing about senior housing topics, Liz is an avid explorer of food. She loves trying new recipes, new restaurants and new ice cream flavors. (Current favorite: Goat cheese with red cherries.)