Home Health In, Hospice Spun Off: Explaining Humana’s Kindred Approach
When Humana Inc. (NYSE: HUM) joined forces with TPG Capital and Welsh, Carson, Anderson & Stowe (WCAS) to acquire Kindred Healthcare in July 2018, it saw an opportunity to test out the home health waters. As a result of that $4.1 billion deal, Humana landed a 40% stake in Kindred at Home, with the aforementioned private equity giants controlling the remainder. After determining those waters were to its liking, the Louisville, Kentucky-based health insurer decided to dive deep