A large shareholder of Kindred Healthcare (NYSE: KND) announced its opposition to the company’s recently announced acquisition deal with Humana (NYSE: HUM). Brigade Capital , a New York-based private equity firm with a 5.8% stake in Kindred, opposed the deal on December 27, stating the $9 share price for Kindred is “inadequate.” Humana, along with […]
Noor Inc. acquires Texas home health provider Noor Inc., based in New York City, acquired San Antonio, Texas-based home health care provider Restorative Health Care, Staffing Industry Analysts reported on Dec. 11. Restorative Health Care, which provides nursing and therapy services, including registered nurses and occupational, physical and speech therapy services, has four offices and more […]
Value creation is the name of the game in Humana’s (NYSE: HUM) deal with two private equity firms to acquire Kindred Healthcare (NYSE: KND) for approximately $4.1 billion, William Fleming, Humana’s president of health care services, told Home Health Care News. The deal, in which Humana and TPG Capital and Welsh, Carson, Anderson & Stowe (WCAS) arranged to pay $9 […]
In the wake of the announced $4.1 billion acquisition of Kindred Healthcare (NYSE: KND) by Humana Inc. (NYSE: HUM) and two private equity groups, a direct line has been drawn between managed care and home health care. Humana, in consortium with private equity groups TPG Capital and Welsh, Carson, Anderson & Stowe, announced it was […]
Kindred Healthcare (NYSE: KND), the nation’s largest home health care provider, is in advanced talks to be acquired by insurance giant Humana Inc. (NYSE: HUM) and two private equity firms, the Wall Street Journal reported Sunday. The newspaper cited “people familiar with the matter.” Kindred and Humana did not immediately respond to requests for comment […]
As enrollment in Medicare Advantage continues to surge, major players such as Amedisys (Nasdaq: AMED) and LHC Group (Nasdaq: LHCG) see a huge opportunity that could bring higher payments. These home health providers see that Medicare Advantage (MA) rolls are large and growing. Medicare Advantage enrollment has grown 71% since the Affordable Care Act was […]
Louisville-based Kindred Healthcare (NYSE: KND) is undergoing changes, and its emerging profile will stand out as the largest provider of home health care services in the nation with leaner operations. After divesting its remaining skilled nursing facility (SNF) assets, the company’s new position heading into 2018 is one that is arguably more financially sound, but the […]
Encompass Home Health and Hospice and HealthSouth (NYSE: HLS)—soon to be known as Encompass Health—plowed through recent regulatory challenges and is looking to add more hospice deals in its future. Home Health Care News recently caught up with Cliff Blessing, senior vice president of development at Encompass, to find out more about the organization’s M&A strategy […]
Pharmacy chain giant CVS Health (NYSE: CVS) has agreed to acquire Aetna (NYSE: AET), the nation’s third-largest insurance provider in a transaction valued at $69 billion. The combined company could bolster home- and community-based (HCB) care by executing on its vision of easier access to more comprehensive health services at retail locations. The merger of the […]
LHC Group Enters Joint Venture for Home Health Care in SE Tennessee LHC Group (NASDAQ: LHCG), one of the nation’s largest home health care providers, and Erlanger Health System, a multi-hospital system based in Chattanooga, Tennessee, finalized a joint venture worth roughly $7 million in annualized revenue. The transaction includes a facility that provides both skilled home health care and non-skilled […]
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