Humana hits highest share price ever
With a stake in two post-acute care companies under its belt, health insurer Humana saw its share price hit a new record high last week.
Louisville-based Humana’s share price topped $317 on Friday, July 13, just a few days after the company finalized its previously announced acquisitions of Kindred Healthcare, the nation’s largest home health care provider, and Curo Health Services, a hospice provider in 22 states.
Under terms of the separate deals, Humana acquired a 40 percent stake in Kindred’s home health business, Kindred at Home, for $800 million, with private equity firms TPG Capital and Welsh, Carson, Anderson & Stowe owning the remaining 60 percent. Humana also acquired a 40 percent stake in Curo, with the private equity partners owning the remaining 60 percent.
Investors have further confidence in the company as a result of Humana’s recent deals as well as “positive forecasts for federal policy,” Louisville Business First reported.
Humana’s share price was trading above $317 again on the afternoon of Wednesday, July 18.
Amy joined TriMed Media as a Senior Writer for HealthExec after covering home care for three years. When not writing about all things healthcare, she fulfills her lifelong dream of becoming a pirate by sailing in regattas and enjoying rum. Fun fact: she sailed 333 miles across Lake Michigan in the Chicago Yacht Club "Race to Mackinac."