The last week brought major health care business news — including the creation of a new home health giant valued at nearly $10 billion — that bears careful consideration by senior living providers. The new at-home care organization is being created through the merger of Option Care Health (Nasdaq: OPCH), a major provider of home […]
Kindred at Home
Sunrise Senior Living has hired Nick Stengle as the company’s new COO while also naming Tav Hare CFO. The hirings deepen the McLean, Virginia-based company’s leadership bench, particularly on the in-home services side. Stengle previously worked as COO of Kindred at Home, the nation’s largest home health provider, which is being fully acquired by insurance […]
Insurance giant Humana (NYSE: HUM) will pay approximately $5.7 billion to take full ownership of the nation’s largest home health provider, Kindred at Home. The transaction values Kindred at Home at $8.1 billion; Humana holds an existing equity value of $2.4 billion — a 40% stake — through a deal executed in 2017 with private […]