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Humana said to be in talks to buy home and hospice-care business

Humana Inc. is in advanced talks with two private-equity firms to acquire Kindred Healthcare Inc. in a deal that would value the medical operator at $4 billion including debt, the Wall Street Journal reported.

By Kate Smith | Updated on December 18, 2017
Humana, which this year was forced to scrap a proposed $37 billion combination with rival Aetna Inc., said last month it would eliminate 2,700 jobs, or 5.7 percent of its workforce to cut costs amid shifts in the health-insurance business. (Image: Shutterstock)

Humana Inc. is in “advanced talks” with two private-equity firms to acquire Kindred Healthcare Inc. in a deal that would value the medical operator at $4 billion including debt, the Wall Street Journal reported.

Humana, TPG, and Welsh, Carson, Anderson & Stowe LP would run Kindred’s home and hospice-care business together, while the two private-equity firms would take over Kindred’s facility operations that include acute-care hospitals and rehabilitation centers, the newspaper reported Sunday, citing people familiar with the matter that it didn’t name.

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