Home Health & Hospice Week

The mergers and acquisition market continues to hum. Humana Inc. has agreed to acquire the remaining 60 percent interest in Kindred at Home from TPG Capital, the private equity platform of global alternative asset firm TPG, and Welsh, Carson, Anderson & Stowe.

Humana will pay $8.1 billion, “which includes Humana’s existing equity value of $2.4 billion associated with its current 40 percent minority ownership interest,” for the nation’s largest home health and hospice provider with locations in 40 states, the Lexington, Kentucky-based insurance company says in a release.

“Acceleration of the KAH acquisition provides Humana the opportunity to more quickly implement and scale the value-based models and clinical innovation it has designed, focusing on total cost of care and delivering outcomes and value beyond what is possible in a traditional, fee for service model,” Humana says.

Meanwhile, Encompass Health Corp. has agreed to purchase the home health and hospice assets of Frontier Home Health and Hospice in Alaska, Colorado, Montana, Washington and Wyoming, Birmingham, Alabama-based Encompass Health says in a release.

The deal will add nine home health and 11 hospice locations to Encompass Health’s more than 340 existing home health and hospice locations, the chain says.