Humana is migrating Kindred at Home’s home health services into its health care service brand, CenterWell, Hospiece News reports. The company will focus on expanding the acquired asset’s footprint in select markets in North Carolina and Virginia in 2022 as it paves the way for a hospice spin off to capitalize on high market valuations.
Humana in April completed the acquisition of a remaining 60% stake in Kindred at Home for $8.1 billion during the third quarter, which included an equity value of $2.4 billion from its existing 40% ownership of the business. Humana initially acquired 40% ownership in 2018, with private equity firms Welsh, Carson, Anderson & Stowe and TPG Capital then holding the remaining 60%.
