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 Baxter

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."

Around the web

The American College of Cardiology has sent a letter to HHS Secretary Robert F. Kennedy Jr. that outlines some of the organization’s central priorities and concerns. 

One product is being pulled from the market, and the other is receiving updated instructions for use.

If the Trump administration continues taking a laissez-faire stance toward AI—including AI used in healthcare—why not let the states go it alone on regulating the technology?