M&A Deal Summary

Humana Acquires KMG America

On September 7, 2007, Humana acquired insurance company KMG America for 188M USD

Acquisition Highlights
  • This is Humana’s 2nd transaction in the Insurance sector.
  • This is Humana’s 11th largest (disclosed) transaction.
  • This is Humana’s 9th transaction in the United States.
  • This is Humana’s 1st transaction in Minnesota.

M&A Deal Summary
Date 2007-09-07
Target KMG America
Sector Insurance
Buyer(s) Humana
Deal Type Add-on Acquisition
Deal Value 188M USD

Target

KMG America

Minnetonka, Minnesota, United States
KMG America Corp. offers a broad mix of individual and group insurance products and stop-loss coverage along with third-party administration services to employers and to working Americans. We design the products and services with the idea of making a positive difference in the lives of our customers.

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Buyer(S) 1

Buyer

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 9 of 33
Sector (Insurance) 2 of 4
Type (Add-on Acquisition) 8 of 25
State (Minnesota) 1 of 1
Country (United States) 9 of 33
Year (2007) 2 of 2
Size (of disclosed) 11 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-06-19 Compbenefits

Roswell, Georgia, United States

CompBenefits Corporation provides dental and vision care benefit plans in the United States.

Buy $360M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-03-20 OSF Healthcare System

Peoria, Illinois, United States

OSF HealthCare, owned and operated by The Sisters of the Third Order of St. Francis, Peoria, Illinois, includes OSF Healthcare System consisting of ninehospitals and medical centers, one long-term care facility, and two colleges of nursing. Additionally, OSF Medical Group is a primary care physician network consisting of more than 600 primary care, specialist physicians, and advanced practice providers.

Buy $91M
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