The nation’s largest home health care provider, Kindred Healthcare (NYSE: KND), is in advanced talks to be purchased by insurance giant Humana Inc. (NYSE: HUM) and two private equity firms, including global private investment firm TPG, the Wall Street Journal reported on Sunday.
Under terms of the rumored deal, private equity firms TPG and Welsh, Carson, Anderson & Stowe would acquire Kindred’s 19 rehabilitation facilities and 77 long-term care hospitals. The private equity firms and Humana would acquire Kindred’s home and hospice business.
TPG currently manages the private equity funds that own Chicago-based senior housing operator Enlivant.
To read more about the potential deal, head over to Home Health Care News.
Written by Mary Kate Nelson