Humana, Private Equity Firms Complete Kindred Acquisition

Insurance giant Humana (NYSE: HUM) and two private equity firms have completed their planned acquisition of Kindred Healthcare, which has ceased trading on the New York Stock Exchange as a result. In December 2017, Humana and two PE firms—TPG Capital and Welsh, Carson, Anderson & Stowe—announced they were acquiring Kindred for $9 in cash per […]

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 […]

NY Times: PACE Changes Worry Critics

As more private equity moves into a Medicare program designed to help American seniors age in place, worries are mounting among critics who believe the work should be left exclusively to non-profits using government funds, The New York Times reported. The program in question is the Program of All-Inclusive Care for the Elderly (PACE), a federal […]

Business Briefs: InnovAge’s For-Profit Conversion

InnovAge Converts to For-Profit to Fund The NextFifty Initiative InnovAge, a Denver, Colorado-based provider of in-home care services, affordable senior housing and other health care and day programs, has finalized an agreement with private equity firm Welsh, Carson, Anderson & Stowe (WCAS) to expand its services and convert from a non-profit entity to a for-profit. […]