Benzinga | Apr 27, 2021 04:53PM EDT

Humana Announces Agreement to Acquire remaining 60% Interest in Kindred at Home, Accelerating Integration of the Nation's Largest Home Health Provider Into Humana's Payer-Agnostic Healthcare Services Platform

Humana Inc. (NYSE:HUM) today announced it has signed a definitive agreement to acquire the remaining 60 percent interest in Kindred at Home (KAH), the nation's largest home health and hospice provider, from TPG Capital (TPG), the private equity platform of global alternative asset firm TPG, and Welsh, Carson, Anderson & Stowe (WCAS), a leading private equity firm focused exclusively on the healthcare and technology industries (together, the Sponsors), for an enterprise value of $8.1 billion, which includes Humana's existing equity value of $2.4 billion associated with its current 40 percent minority ownership interest. KAH employs approximately 43,000 caregivers providing home health, hospice and community care services to over 550,000 patients annually. KAH has locations in 40 states, providing extensive geographic coverage with approximately 65 percent overlap with Humana's individual Medicare Advantage membership.