M&A Deal Summary

Continental General Insurance Acquires Humana - Long-Term Care Insurance Business

On November 6, 2017, Continental General Insurance acquired insurance company Humana - Long-Term Care Insurance Business from Humana

Acquisition Highlights
  • This is Continental General Insurance’s 1st transaction in the Insurance sector.
  • This is Continental General Insurance’s 1st transaction in the United States.
  • This is Continental General Insurance’s 1st transaction in Kentucky.

M&A Deal Summary

Date 2017-11-06
Target Humana - Long-Term Care Insurance Business
Sector Insurance
Buyer(s) Continental General Insurance
Sellers(s) Humana
Deal Type Divestiture

Target

Humana - Long-Term Care Insurance Business

Louisville, Kentucky, United States
Humana, Inc. - Long-Term Care Insurance Business is a provider of insurance services in Louisville, Kentucky.

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Buyer(S) 1

Buyer

Continental General Insurance

Omaha, Nebraska, United States

Category Company
Founded 1961
Sector Insurance
DESCRIPTION

Continental General Insurance Co. is a provider of insurance services.


DEAL STATS #
Overall 1 of 1
Sector (Insurance) 1 of 1
Type (Divestiture) 1 of 1
State (Kentucky) 1 of 1
Country (United States) 1 of 1
Year (2017) 1 of 1

Seller(S) 1

SELLER

Humana

Louisville, Kentucky, United States

Category Company
Founded 1961
Sector Healthcare Services
Employees67,600
Revenue 106.4B USD (2023)
DESCRIPTION

Humana is a managed healthcare 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 4 of 6
Sector (Insurance) 2 of 2
Type (Divestiture) 3 of 4
State (Kentucky) 2 of 4
Country (United States) 4 of 6
Year (2017) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-03-23 Concentra

Addison, Texas, United States

Concentra is a healthcare company that offers occupational medicine, urgent care, physical therapy, and wellness services to workers and the public through more than 320 Concentra Medical Centers locations in 40 states. Concentra was formed in 1997 and is based in Addison, Texas.

Sell $1.1B
FOLLOWING 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