Kindred Shareholders Approve Acquisition by Humana, PE Firms

Kindred Healthcare (NYSE: KND) shareholders approved the sale of the company’s home health and hospice business to insurance giant Humana (NYSE: HUM) and two private equity groups. The approval comes after some contention among shareholders. One investor with a 5.8% stake in Louisville-based Kindred, Brigade Capital, sued to block the merger. The suit was dismissed […]

How Home Care Could Be Re-Shaped if Walmart Acquires Humana

In the midst of acquiring a stake in the largest home health provider in the nation, insurance giant Humana (NYSE: HUM) might also be in early stage talks to itself be acquired by retail behemoth Walmart (NYSE: WMT). The combination of Humana and Walmart, though far from certain, would potentially be a game-changer for home […]

Kindred Overcomes Shareholder Suit, Merger Vote Moves Forward

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 […]

Private Equity Firm Acquires Hospice with High Nurse-Patient Ratio

An Ohio hospice led by a previous Kindred Healthcare (NYSE: KND) executive has been acquired by private equity firm Stonehenge Partners Inc. The firm says it is committed to keeping the hospice’s model of having lighter caseloads for its nurses than are standard in the industry. Queen City and Capital City Hospice is headquartered in […]

Must-Read News: Kindred Deal Back on Track

Happy Monday, Home Health Care News readers. Get a jump-start on your week ahead by getting caught up on headlines that caught our eye, and review our top stories from last week. At top of mind for many in the industry is the latest on the acquisition of Kindred Health at Home (NYSE: KND) by […]

Kindred’s Home Health Revenue Jumps Ahead of Acquisition

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 […]

Encompass Executives Predict Frothy Acquisition Market in 2018

After a year of turbulent home health regulatory pressures, Encompass Health (NYSE: EHC) is prepared to make a play for acquisitions in the home health and hospice sectors. However, Encompass isn’t the only company eyeing new opportunities in 2018, and the added competition could heat up the market, executives stated during the company’s end-of-year earnings […]

Activist Shareholder Presses Brookdale for Update on Potential Buyout

Brookdale Senior Living (NYSE: BKD), one of the largest home health providers in the United States, is under pressure again from an activist shareholder. The shareholder—Stamford, Connecticut-based investment management firm Land & Buildings—is pressing Brookdale to share more information about an ongoing strategic review process and says the company should consider offers that might seem […]