Kinderd Healthcare is being bought by Humana and 2 private equity firms for $4.1 billion

Read full story

doctors performing surgeryistock

  • Kindred Healthcare is being bought by Humana and two private equity firms for $4.1 billion.
  • The deal represents a 4.7% premium over Friday's closing price.

(Reuters) - Kindred Healthcare Inc said on Tuesday it will be bought by health insurer Humana Inc and two private equity firms in a deal valued at $4.1 billion.

The home healthcare provider and hospice operator said its shareholders will receive $9 per share in cash for each share they own, representing a 4.7 percent premium over the stock's Friday close.

TPG and Welsh, Carson, Anderson & Stowe are the private equity firms in the deal. (Reporting by Manas Mishra in Bengaluru; editing by Sai Sachin Ravikumar)

Add Comment()

Comments ()

Sort By:
Be the first one to comment.
We have sent you a verification email. This comment will be published once verification is done.