Humana Mergers and Acquisitions Summary

Healthcare Services Company

Humana has acquired 34 companies, including 6 in the last 5 years. A total of 14 acquisitions came from private equity firms. It has also divested 4 assets.

Humana’s largest acquisition to date was in 2017, when it acquired Kindred Healthcare for $4.1B. It’s largest disclosed sale occurred in 2015, when it sold Concentra to Welsh Carson Anderson & Stowe for $1.1B. Humana has acquired in 15 different US states. The Company’s most targeted sectors include healthcare services (83%) and insurance (14%).

Join Mergr and gain access to Humana’s M&A summary, the M&A summaries of companies just like it, as well as recent M&A activity in the healthcare services sector.

M&A Summary

  • M&A Total Activity33
    • M&A Buy Activity29
    • M&A Sell Activity4
  • Total Sectors Invested 3
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 21
  • M&A Advisors 10

Humana, Inc.

500 West Main Street,
Louisville, Kentucky 40202
United States,
(502) 580-1000
www.humana.com

Humana Inc. 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.


M&A Summary

Buy vs Sell

Year ≤ '15 '16 '17 '18 '19 '20 T
Buy (1.0/yr) # 24 - 2 1 2 - 29
vol $3.6B $4.9B $1.4B $9.9B
Sell (0.2/yr) # 3 - 1 - - - 4
vol $1.1B $1.1B
  33

Most Recent M&A

Company Date Value Type
Enclara Healthcare 2019-12-16 - Add-on Acquisition
Philadelphia, Pennsylvania · www.enclarahealthcare.com
Enclara Pharmacia, Inc. 2019-12-16 - Add-on Acquisition
Philadelphia, Pennsylvania · www.excellerx.com
Curo Health Services, Inc. 2018-04-23 1.4B USD Secondary Buyout
Mooresville, North Carolina · www.curohealthservices.com
Kindred Healthcare, Inc. 2017-12-19 4.1B USD Going Private
Louisville, Kentucky · www.lacunahealth.com
Kindred Healthcare, Inc. - Kindred at Home Division 2017-12-19 800M USD Divestiture
Louisville, Kentucky
Humana, Inc. - Long-Term Care Insurance Business 2017-11-06 - Divestiture
Louisville, Kentucky
Concentra, Inc. 2015-03-23 1.1B USD Divestiture
Addison, Texas · www.concentra.com
Healthrageous, Inc. 2013-09-27 - Add-on Acquisition
Boston, Maryland
American Eldercare, Inc. 2013-07-24 - Add-on Acquisition
Delray Beach, Florida · www.americaneldercare.com
MCCI Holdings LLC 2012-11-26 - Add-on Acquisition
Miami, Florida · www.mccigroup.com
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
Kindred Healthcare, Inc. 2017-12-19 Kindred Hospital Paramount 2019-05-02 2
Louisville, Kentucky · www.lacunahealth.com Boca Raton, Florida
Kindred Healthcare, Inc. 2017-12-19 American Chronic Care LLC 2019-01-07 1
Louisville, Kentucky · www.lacunahealth.com Ocala, Florida · www.americanchroniccarellc.com
Kindred Healthcare, Inc. 2017-12-19 Kindred Healthcare, Inc. - Kindred at Home Division 2017-12-19 1
Louisville, Kentucky · www.lacunahealth.com Louisville, Kentucky
SeniorBridge Family Companies, Inc. 2011-10-29 Your Home Advantage, Inc. 2015-04-21 1
New York, New York · www.seniorbridge.com Deerfield Beach, Florida · www.homeadvantageinc.com
Anvita, Inc. 2011-12-07 DefenseWeb Technologies, Inc. 2015-03-24 1
San Diego, California · www.anvitahealth.com San Diego, California
SeniorBridge Family Companies, Inc.    - Crdentia Corp. 2011-04-01 2
New York, New York · www.seniorbridge.com Winter Park, Florida · www.crdentia.com
SeniorBridge Family Companies, Inc.    - Senior Care Management Services, Inc. 2009-11-22 1
New York, New York · www.seniorbridge.com Melbourne, Florida · www.srcaremanagement.com

M&A by Sector

Sector Buy # Value Sell # Value
Healthcare Services 24 (83%) 9.4B (94%) 2 (50%) 1.1B (100%)
Insurance 4 (14%) 562M (6%) 2 (50%) -
Information Technology 1 (3%) - - -
Total 29 $9.9B 4 $1.1B

By Geo

State/Country Buy Value Sell Value
United States 29 9.9B 4 1.1B
  Florida 6 1.7B 1 -
  Kentucky 3 4.9B 2 -
  California 4 - - -
  Texas 3 844M 1 1.1B
  Pennsylvania 2 - - -
  New York 2 - - -
  Tennessee 1 245M - -
  Ohio 1 250M - -
  North Carolina 1 1.4B - -
  Minnesota 1 188M - -
  Maryland 1 - - -
  Louisiana 1 - - -
  Illinois 1 91M - -
  Georgia 1 360M - -
  District of Columbia 1 - - -
Total 29 $9.9B 4 $1.1B

Top M&A Advisors

Financial Deals
Evercore Group LLC
3
Bank of America Merrill Lynch
2
Centerview Partners LLC
2
Legal Deals
Fried Frank Harris Shriver & Jacobson LLP
4
Crowell & Moring LLP
2
Locke Lord LLP
1

Deal Values

buy # Total
> $1B 2 $5.5B
$100M to $1B 9 $4.3B
< $100M 3 $159M
TOTAL $9.9B
Largest Kindred Healthcare, Inc.
$4.1B (2017-12-19)
sell # Total
> $1B 1 $1.1B
TOTAL $1.1B
Largest Concentra, Inc.
$1.1B (2015-03-23)

M&A Connections

Deals %
Acquired from
PE Firm(s)
74%
14 74%
Strategic(s)
26%
5 26%
Divested to
PE Firm(s)
40%
2 40%
Strategic(s)
60%
3 60%

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