Apax Partners Reportedly Acquiring Stake in WCAS’s InnovAge

The largest Program of All-Inclusive Care for the Elderly (PACE) provider in the United States is reportedly getting another major investor. On Friday, reports surfaced that London-based private equity firm Apax Partners plans to buy a stake in InnovAge from fellow PE giant Welsh, Carson, Anderson & Stowe (WCAS). Apax Partners’ deal for a piece […]

WCAS General Partner: There’s a ‘Significant Unmet Need’ for Value-Based, Senior-Focused Primary Care

Earlier this month, Humana Inc. (NYSE: HUM) and Welsh, Carson, Anderson & Stowe (WCAS) teamed up on a new joint venture aimed at expanding access to value-based primary care for Medicare patients. Under the JV agreement, Humana and WCAS will commit upwards of $600 million to build 50 new Partners in Primary Care (PiPC) centers […]

Following ‘Herculean’ Integration Efforts, Humana Sees Balanced Growth for Kindred at Home

In 2019, Humana Inc. (NYSE: HUM) recorded its highest individual Medicare Advantage (MA) growth rate in a decade. The Louisville, Kentucky-based home- and community-focused health insurer anticipates more of the same in 2020, with leadership also bullish on Humana’s existing in-home care operations and its soon-to-expand primary care centers. And when it comes to home […]

West Health Leveraging PACE Model to Disrupt Senior Care

When it comes to health care delivered in the home, many see hospital-at-home models as the next big, innovative concept to hit a boom period. But investors and other stakeholders interested in home- and community-based care shouldn’t sleep on PACE programs, either. That includes in-home care providers. PACE — or Programs of All-Inclusive Care for […]

Humana Names Home Business President; Kindred at Home Rounds Out Leadership Team

Humana Appoints Segment President Louisville, Kentucky-based Insurance giant Humana Inc. (NYSE: HUM) has named the next leader of its ever-evolving home business segment. Susan Diamond will serve as segment president of Humana’s home business segment moving forward, according to the company. The segment was previously led by William Fleming, who will continue to lead Humana’s […]

Kindred at Home Exec: Senior Living Operators Should Leave ‘Heavy Lifting’ to Home Health Partners

Senior living providers should embrace home health partnerships as a way to care for complex patients. Those who don’t may not only be hurting patients, but also employee retention and morale. That’s according to Carrie Coumbs, vice president of national care collaboration for Kindred at Home. “If you utilize your home health benefit proactively in […]

Humana Executives Get Candid About PDGM, Medicare Advantage

Top executives from Humana Inc. (NYSE: HUM) on Wednesday got candid about their home health operations and the expected impact of the Patient-Driven Groupings Model (PDGM). In addition to its long-standing Humana At Home business, the Louisville, Kentucky-based insurance company owns a 40% stake in Kindred at Home, one of the largest home health providers […]

Humana Releases ‘Unhealthy Days’ Update, Explores More In-Home Care Opportunities

An initiative by Humana (NYSE: HUM) that addresses social determinants of health posted positive results in five of seven target communities in 2018. On average, Humana Medicare Advantage (MA) members in participating communities saw a 2.7% reduction in “unhealthy days” experienced in 2018, according to the insurer’s 2019 Bold Goal progress report. Unhealthy days are […]

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 […]