Wearable-technology company Fitbit (NYSE: FIT) and insurance giant Humana Inc. (NYSE: HUM) are turning their partnership up a notch to better prevent and manage chronic conditions. San Francisco-based Fitbit announced Wednesday that Louisville, Kentucky-based Humana has chosen the tech company’s new Fitbit Care platform as a preferred health coaching solution for more than 5 million […]
Nova Leap Health Completes Home Care Purchase Nova Scotia, Canada-based Nova Leap Health Corp. (TSXV: NLH) has completed its $2.1 million acquisition of Always Home HomeCare Services Ltd. and its subsidiary Always Safe Training Ltd., both also located in Canada. Nova Leap, which provides personal home care and support services, has focused its acquisition strategy […]
A scheduled shareholder vote to sell Kindred Healthcare (NYSE: KND) will move forward after a judge dismissed a lawsuit by a major shareholder. Brigade Capital Management, a New York-based private equity firm with a 5.8% stake in Louisville-based Kindred, sued the health care provider in an attempt to delay or block the vote to sell the […]
Humana Names Former Home Health Exec as Regional President Humana Inc. (NYSE: HUM) appointed Matt Berger as regional vice president for Humana’s Louisiana and Mississippi Medicare markets, effective March 18. Berger has served in regional finance roles for Humana, including four years as its Medicare Central Division chief financial officer in Louisiana. Prior to joining […]
The country’s largest home health provider recorded a slight jump in home health revenue ahead of its planned $4.1 billion sale to Humana Inc. (NYSE: HUM), TPG Capital, and Welsh, Carson, Anderson & Stowe (WCAS). Specifically, fourth-quarter 2017 revenues in the Kindred at Home (KaH) division of Kindred Healthcare (NYSE: KND) rose 3% year-over-year to […]
The new parent company of Kindred at Home (NYSE: KND) isn’t moving toward growing the new business with urgency, executives said during an earnings call reviewing fourth quarter 2017 results. Humana Inc. (NYSE: HUM) announced in December it would be acquiring 40% of the Kindred at Home business, with two private equity groups acquiring the other 60%. […]
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 […]
Late last year, Kindred Healthcare (NYSE: KND) announced its intention to completely exit the skilled nursing sector and place its bets on the home health and hospice business. Now, the Louisville, Kentucky-based post-acute care services provider is reportedly receiving takeover interest. The one-time skilled nursing giant is in “late-stage” discussions with several potential buyers for […]
From the pause of the federal overtime rule to putting an end to overtime for home care workers in Illinois, overtime has been a hot topic in the last year. Insurance provider Humana Inc. (NYSE: HUM) is now feeling the sting as a lawsuit asking for class certification could potentially impact thousands of home health aides employed by […]
Grandparents.com, Inc. (OCTBB: GPCM) announced that it will utilize its insurance division to market to its growing membership-base. On September 9, 2012—Grandparent’s Day—the company launched its newly designed website, increasing its membership from approximately 350,000 members to nearly 2 million by year-end. In December of 2012, the company entered into a marketing agreement with Humana […]
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