M&A Deal Summary

Humana Acquires Centerwell Home Health

On December 19, 2017, Humana acquired healthcare services company Centerwell Home Health from Kindred for 800M USD

Acquisition Highlights
  • This is Humana’s 21st transaction in the Healthcare Services sector.
  • This is Humana’s 4th largest (disclosed) transaction.
  • This is Humana’s 26th transaction in the United States.
  • This is Humana’s 2nd transaction in Georgia.

M&A Deal Summary
Date 2017-12-19
Target Centerwell Home Health
Sector Healthcare Services
Buyer(s) Humana
Sellers(s) Kindred
Deal Type Divestiture
Deal Value 800M USD

Target

Centerwell Home Health

Atlanta, Georgia, United States
website
CenterWell Home Health provides comprehensive home healthcare that’s completely centered on patients and their families. The company provides the skilled care, education, and tools needed to help patients remain independent at home and get back to doing the things they love. It provides care to more than 350,000 patients annually and offers a full range of home health services, including nursing, physical therapy, occupational therapy, speech-language pathology, assistance with daily activities, and social work support. CenterWell Home Health is based in Atlanta, Georgia.

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Buyer(S) 1

Buyer

Humana

Louisville, Kentucky, United States

website

Category Company
Founded 1961
Sector Healthcare Services
Employees67,100
Revenue 92.9B USD (2022)
DESCRIPTION

Humana is a managed health care company that markets and administers health insurance. Humana operates through three segments. These include Retail, Employer Group, and Healthcare Services. The Retail segment consists of Medicare and commercial fully-insured medical and specialty health insurance benefits, including dental, vision, and other supplemental health and financial protection products, marketed directly to individuals. The Employer Group segment consists of Medicare and commercial fully-insured medical and specialty health insurance benefits, including dental, vision, and other supplemental health and voluntary benefit products. The Healthcare Services segment includes services offered to health plan members as well as to third parties, including pharmacy, provider services, home based services, integrated behavioral health services, and predictive modeling and informatics services. Humana was formed in 1961 and is based in Louisville, Kentucky.

DEAL STATS #
Overall 26 of 33
Sector (Healthcare Services) 21 of 27
Type (Divestiture) 5 of 5
State (Georgia) 2 of 2
Country (United States) 26 of 33
Year (2017) 2 of 2
Size (of disclosed) 4 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-19 Kindred

Louisville, Kentucky, United States

Kindred is a healthcare services company based in Louisville, Kentucky. Kindred provides healthcare services in 2,353 locations, including 97 transitional care hospitals, five inpatient rehabilitation hospitals, 98 nursing centers, 21 sub-acute units, 153 Kindred at Home hospice, home health and non-medical home care locations, 104 inpatient rehabilitation units (hospital-based), and a contract rehabilitation services business, RehabCare, which serves 1,875 non-affiliated facilities. Kindred was founded in 1985 and is based in Louisville, Kentucky.

Buy $4.1B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-23 Curo Health Services

Mooresville, North Carolina, United States

Curo Health Services is a provider of home healthcare and hospice services throughout various communities across the country. Guided by a patient’s physician, Curo’s team of clinicians combine clinical expertise with dedicated and compassionate care to help patients increase their independence and live a better quality of life.

Buy $1.4B

Seller(S) 1

SELLER

Kindred

Louisville, Kentucky, United States

website

Category Company
Founded 1985
Sector Healthcare Services
Employees53,200
Revenue 7.2B USD (2016)
DESCRIPTION

Kindred is a healthcare services company based in Louisville, Kentucky. Kindred provides healthcare services in 2,353 locations, including 97 transitional care hospitals, five inpatient rehabilitation hospitals, 98 nursing centers, 21 sub-acute units, 153 Kindred at Home hospice, home health and non-medical home care locations, 104 inpatient rehabilitation units (hospital-based), and a contract rehabilitation services business, RehabCare, which serves 1,875 non-affiliated facilities. Kindred was founded in 1985 and is based in Louisville, Kentucky.

DEAL STATS #
Overall 7 of 8
Sector (Healthcare Services) 7 of 8
Type (Divestiture) 7 of 8
State (Georgia) 1 of 1
Country (United States) 7 of 8
Year (2017) 1 of 1
Size (of disclosed) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-03 Curahealth

Louisville, Kentucky, United States

Curahealth is a provider of healthcare services. Curahealth is based in Louisville, Kentucky.

Sell $28M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-07 American Chronic Care

Ocala, Florida, United States

American Chronic Care LLC is a provider of chronic care management (“CCM”) services to physician groups, accountable care organizations, and federally qualified health centers. Ocala, Florida.

Buy -
Mergr

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