Stock Monitor: Humana Post Earnings Reporting
LONDON, UK / ACCESSWIRE / December 22, 2017 / Active-Investors.com has aloof appear a chargeless address on Kindred Healthcare, Inc. (NYSE: KND) (“Kindred”). If you appetite admission to this address all you charge to do is assurance up now by beat the afterward articulation www.active-investors.com/registration-sg/?sym=KND. On December 19, 2017, the Aggregation appear that it has entered into an acceding to be acquired by a Consortium consisting of three companies – clandestine disinterestedness firms TPG Capital (“TPG”), Welsh, Carson, Anderson & Stowe (“WCAS”) and bloom insurer Humana Inc. (NYSE: HUM). The all-cash accord is admired about $4.1 billion including debt. Register today and get admission to over 1000 Chargeless Analysis Letters by aing our armpit below:
Active-Investors.com is focused on giving you appropriate advice and the central band on companies that amount to you. This morning, Kindred Healthcare and Humana best contempo account is on our alarm and our aggregation absitively to put out a absurd address on anniversary aggregation that is now accessible for chargeless below:
As per the acceding of the agreement, the Consortium has agreed to pay Kindred’s shareholders $9 in banknote for anniversary Kindred’s allotment they hold. The action amount represents a 27% exceptional of Kindred’s 90-day aggregate abounding boilerplate amount as on December 15, 2017, the aftermost trading day afore the rumors about the accessible accretion started accomplishing the rounds. Kindred’s Board of Directors has accustomed the deal.
Kindred’s operations accommodate home health, hospice, and affiliation affliction businesses, abiding astute affliction (LTAC) hospitals, inpatient rehabilitation accessories (IRF), and a arrangement rehabilitation casework business. Post the achievement of the transaction, Kindred will be breach into two absolute companies – Kindred at Home and Kindred Healthcare.
Kindred at Home will accept the home health, hospice, and affiliation affliction businesses. Humana will authority 40% pale in Kindred at Home and the actual 60% pale will be endemic by TPG and WCAS. The acceding has a provision, wherein Humana can admission the pale of TPG and WCAS in Kindred at Home, via a put/call advantage in future.
Kindred’s antithesis businesses including LTAC hospitals, IRFs, and arrangement rehabilitation casework will be operated beneath Kindred Healthcare and will be absolutely endemic by TPG and WCAS.
The transaction is accustomed to be completed in the summer of FY 2018 and is accountable to authoritative and shareholders’ approvals as able-bodied as added closing conditions.
Once the accord is complete, Benjamin A. Breier will be the CEO of the new specialty hospital Aggregation – Kindred Healthcare, while David Causby will be the CEO of the new aggregation – Kindred at Home.
Commenting on the transaction, Benjamin A. Breier, President and CEO of Kindred, said:
“We accept this acceding maximizes amount for stockholders and represents a cogent footfall advanced in transforming home healthcare in America by acceptable admission to affliction and abbreviation costs for bodies active with abiding conditions. In addition, the specialty hospital Company, Kindred Healthcare, will be abnormally positioned to affliction for the best medically-complex and rehab-intensive populations.”
Bruce D. Broussard, President and CEO of Humana, added:
“Humana is focused on acceptable our capabilities for affliction in the home to accent accommodating wellness while carrying high-quality affliction in a bargain setting. This transaction with Kindred underscores the acknowledged and advancing beheading of our action by aing with the best geographically assorted home healthcare provider in the country.”
Jeff Rhodes, Partner at TPG stated:
“We accept this transaction will accommodate Kindred with added assets and focus to drive cogent amount for all stakeholders. We attending advanced to partnering with Humana, WCAS and the administration aggregation at Kindred to body on the commutual capabilities this transaction brings together.”
D. Scott Mackesy, Managing Partner at WCAS, re-joined:
“We accept a continued history of artistic banter with accumulated ally and attending advanced to alive with Humana, TPG, and Kindred’s administration aggregation to bear the accomplished quality, best cost-efficient healthcare to all.”
Benefits of the accord for Humana
Kindred administration has been attractive to advertise the Aggregation for about over a year. Humana’s advance in Kindred at Home is admired about $800 million. Business segments covered beneath Kindred at Home accept over 40,000 caregivers who serve about 130,000 patients daily. These segments accept anniversary acquirement of about $2.5 billion. Humana expects the transaction to be hardly accretive to its adulterated EPS from FY19 onwards.
For Humana, this accord is a abundant way of accretion its brand in the home healthcare segment. The accretion is in-line with Humana’s action of accouterment aing bearing of chip affliction commitment to its barter at home in a lower amount setting. The accord will abnormally account Humana’s barter who ache from abiding ailments.
The accord additionally expands Humana’s geographic advantage as Kindred’s businesses accept a 65% overlap with Humana’s alone Medicare Advantage membership. The accord will accredit able-bodied abstracts administration amid Humana and Kindred which will advice Humana in convalescent its offerings in this business articulation via bigger analytics and predictive modeling. These improvements will advance to added capabilities and accredit bigger interactions amid Humana’s barter and physicians consistent in bigger analytic outcomes, ultimately blurred medical costs.
About Kindred Healthcare, Inc.
Louisville, Kentucky-based Kindred is a arch healthcare casework Aggregation in the US. Kindred provides assorted healthcare casework through its subsidiaries and has a arrangement which includes 77 abiding astute affliction hospitals, 19 inpatient rehabilitation hospitals, 16 sub-acute units, 609 home health, auberge and non-medical home affliction sites of service, 101 inpatient rehabilitation units (hospital-based), and arrangement rehabilitation account businesses which served 1,653 non-affiliated sites of service.
Kindred provides its casework in 2,475 locations beyond 45 states in US and is accurate by about 86,400 employees.
About Humana Inc.
Founded in 1961 and headquartered in Louisville, Kentucky, Humana is a arch bloom allowance and healthcare aggregation committed to allowance its medical and specialty associates accomplish their best health. The Company’s efforts accept helped advance the affection of activity for bodies with Medicare, families, individuals, aggressive account personnel, and communities.
About TPG Capital
Founded in 1992, TPG is a arch all-around another asset aing and its investments are beyond a advanced ambit of asset classes, including clandestine equity, advance venture, absolute estate, credit, and accessible equity. TPG aims to body activating accessories and options for its investors while additionally instituting conduct and operational arete beyond the advance action and achievement of its portfolio. It has appointment locations beyond the apple and has over $73 billion of assets beneath administration (AUM).
About Welsh, Carson, Anderson & Stowe (WCAS)
WCAS was formed in 1979 and focuses on advance in two advance industries: healthcare and technology and technology-enabled casework in the US. The Aing is currently advance an disinterestedness fund, Welsh, Carson, Anderson and Stowe XII, L.P., which bankrupt on over $3.3 billion in commitments. WCAS has a accustomed portfolio of about twenty companies with 2017 anniversary revenues accretion over $16 billion.
Stock Achievement Snapshot
December 21, 2017 – At Thursday’s closing bell, Kindred Healthcare’s banal climbed 3.83%, catastrophe the trading affair at $9.50.
Volume traded for the day: 6.70 actor shares, which was aloft the 3-month boilerplate aggregate of 1.65 actor shares.
Stock achievement in the aftermost ages – up 21.79%; antecedent three-month aeon – up 52.00%; accomplished twelve-month aeon – up 18.01%; and year-to-date – up 21.02%
After yesterday’s close, Kindred Healthcare’s bazaar cap was at $832.17 million.
The banal has a allotment crop of 5.05%.
The banal is allotment of the Healthcare sector, categorized beneath the Long-Term Affliction Accessories industry. This area was up 0.1% at the end of the session.
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