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.
The deal is said to value Kindred at $9 a share, according to the Journal, compared with the company’s closing stock price on Dec. 15 of $8.60. The deal, which could still fall apart, may be announced soon, the newspaper said.
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