Gentiva – the company comprised of the hospice and personal home care assets of what was formerly Kindred at Home – has agreed to acquire ProMedica’s Heartland home health and hospice assets for $710 million.
Led by the former CEO of Kindred, David Causby, Gentiva is backed by both Humana and the private equity firm Clayton, Dubilier & Rice. Specifically, CD&R owns 60% of the business, with Humana holding onto a 40% stake post-divestiture, according to Home Health Care News.
CD&R paid $2.8 billion for the ownership stake last year. Read more.
