Humana Signs Agreement to Divest Minority Interest in Gentiva
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According to the company, the agreement values Humana’s minority interest stake at approximately $900 million. Other financial terms were not disclosed.
Humana Inc. has signed a definitive agreement with a consortium of investors to divest all or substantially all of its minority interest in Gentiva, the provider of end-of-life services, including hospice and palliative care.
According to the company, the agreement values Humana’s minority interest stake at approximately $900 million. Other financial terms were not disclosed. Humana said it intends to use the proceeds from the transaction for general corporate purposes.
The transaction is expected to close in the third quarter of 2026, subject to regulatory approvals and other customary closing conditions. The company said it does not anticipate a material impact on its 2026 earnings from the pending transaction.
Humana’s ownership interest in Gentiva stems from its acquisition of the remaining interest in Kindred at Home (KAH) in 2021. At the time, the company stated its intention to ultimately divest non-core KAH businesses, including hospice, palliative, and personal health care services.
In 2022, Humana announced an agreement to divest a majority interest in the Hospice and Personal Care divisions of its Kindred at Home subsidiary to private investment firm Clayton, Dubilier & Rice (CD&R). Following the transaction, the divisions were restructured into a standalone business and rebranded as Gentiva.
Gentiva currently operates as an end-of-life care provider, with clinicians and caregivers delivering services through more than 430 locations across 35 states.
Humana said Guggenheim Securities, LLC is serving as its financial advisor for the transaction. Fried, Frank, Harris, Shriver & Jacobson LLP and Manatt, Phelps & Phillips LLP are acting as legal advisors to the company.
The company did not disclose the identity of the investor consortium involved in the agreement or provide additional details regarding the structure of the transaction.
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