Humana, equity groups to buy Kindred hospital chain for $4.1 billion
A consortium of three companies --
"We are pleased to have reached this agreement, which will deliver significant cash value to Kindred's stockholders and concludes a robust strategic review undertaken by the board and management team over the course of 2017," said
Kindred operates home health, hospice and community care businesses, long-term acute care hospitals, inpatient rehabilitation facilities and a contract rehabilitation services business, including a 49-bed transitional care hospital located at
Humana will have a right to buy the remaining ownership interest in Kindred at Home over time.
Humana CEO
"We are confident that these new capabilities will help Humana continue to modernize home health and meaningfully improve the member and provider experience," Broussard said in a statement today.
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