Kindred at Home Integration More Costly than Humana Anticipated

Humana Inc. (NYSE: HUM) recorded better-than-expected revenue in the fourth quarter of 2018, despite higher-than-anticipated costs associated with Kindred at Home’s operations. The Louisville, Kentucky-based health insurer’s GAAP consolidated revenues for Q4 came in at $14.17 billion, an increase of about $979 million from the same period a year ago. Annual revenue for Humana’s fiscal […]

Humana CEO: Home-Based Care, Social Determinants of Health ‘Most Impactful’ to Health Care System

Advances in home-based care capabilities and being able to properly address social determinants of health for older adults and chronically ill populations are among “the most impactful” influences on the U.S. health care system, according to Bruce Broussard, CEO and president of Humana Inc. (NYSE: HUM). Shifts in primary care, pharmacy services and behavioral health […]

WellSky Taps Fazzi Head as CCO; Collective Medical Hires New Leadership

WellSky Creates, Fills New Position WellSky, a health and community care technology company backed by TPG Capital, has named a new chief clinical officer. Fazzi Associates President Tim Ashe will hold the newly created position, in which Ashe will guide meaningful patient outcomes, combining technology and clinical care. Ashe will continue to serve as president […]

PlayMaker Releases Data on Home Health Length-of-Stay, Partners with WellSky

Home health and hospice providers in the South have longer average lengths of stay (ALOS) than any other region in the country. That’s according to the latest quarterly data from PlayMaker Health, a post-acute growth platform serving hundreds of organizations. In home health, Playmaker’s data shows southern states have an ALOS of 80.4 days, while […]

WellSky Targets Hospice, Palliative Care With Fifth Acquisition of 2018

WellSky, a health and community care technology company backed by TPG Capital, has acquired Consolo Services Group, formerly a portfolio company of Bluff Point Associates that provides healthcare IT services with a focus on hospice. Financial terms are not being disclosed. The deal expands WellSky’s investment in hospice and offers an entry point into other […]

Home Health Stays Hot with 21 M&A Deals in Q2

Home health merger and acquisition activity continued at a healthy clip in the second quarter of 2018, with 21 publicly announced deals. That’s up from 12 acquisitions in Q2 2017, according to newly released data from market intelligence firm Irving Levin & Associates. On a quarterly basis, deal volume dipped slightly; there were 23 publicly […]

As Home Health Providers Integrate Services, Vendors and Consultants Follow Suit

TPG Capital portfolio company Mediware Information Systems, Inc. announced last week that it’s acquiring the long-standing home health and hospice consulting group Fazzi Associates. To some degree, the transaction—which marks one of the few instances where a software business buys up a consulting firm—is reflective of the broader home health, personal care and hospice landscape. […]

Fazzi Associates Acquired by TPG-Owned Software Company Mediware

Software company Mediware has acquired Fazzi Associates, a firm that provides consulting and other services to the home care and hospice industry. Mediware is a portfolio company of TPG Capital, a private equity giant that also owns a stake in the nation’s largest home health and hospice provider. Northampton, Massachusetts-based Fazzi serves more than 1,400 […]

M&A and Finance News: Humana Completes Curo Purchase

Humana, PE Firms Finalize Curo Purchase Humana Inc. (NYSE: HUM) and private equity firms TPG Capital and Welsh, Carson, Anderson & Stowe have competed their previously announced $1.4 billion acquisition of Curo Health Services. Louisville-based based Humana and the two PE firms plan on combining Mooresville, North Carolina-based Curo with the hospice business of Kindred […]