Wall Street Is Bullish on Humana Home Care Deal, 1Q Results

Humana Inc. plans to fully acquire home health provider Kindred at Home from private equity firm Welsh, Carson, Anderson & Stowe (WCAS) and TPG Capital, the insurer said on April 27. (WCAS owns a controlling stake in MMIT, AIS Health’s parent company.) The insurer also reported strong financial results, with first-quarter adjusted earnings per share (EPS) of $7.67 beating Wall Street’s projected consensus of $7.07, or $1.04 billion in pretax income.

Humana CEO Bruce Broussard said during an April 28 call with investors discussing the firm’s first-quarter results that the Kindred acquisition “will enable us to more closely align incentives to focus on improving patient outcomes, and on reducing the total cost of care.”

0 Comments
© 2023 MMIT
Peter Johnson

Peter Johnson

Peter has been a reporter for nearly a decade. Before joining AIS Health, Peter covered a wide variety of topics in his hometown of Seattle, where he continues to live. Peter’s work has appeared in publications including The Atlantic and The Stranger. Peter attended Colby College.

Related Posts

tech-illustration
December 1

Amid Hype, Experts Debate AI’s Impact on Health Insurance

READ MORE
unitedhealth-phone
December 1

UnitedHealth Investor Day: Firm Confronts MA Pressures, Touts Innovation

READ MORE
cigna-image
December 1

The Next Big Deal? Rumored Cigna-Humana Talks Raise PBM Overlap Question

READ MORE

GAIN THERAPEUTIC AREA-SPECIFIC INTEL TO DRIVE ACCESS FOR YOUR BRAND

Sign up for publications to get unmatched business intelligence delivered to your inbox.

subscribe today