Humana To Divest Gentiva End-Of-Life Care Business For $900 Million
Humana announced it has signed a definitive agreement to divest its minority stake in Gentiva, the nation's largest end-of-life care provider, to a consortium of investors for $900 million. The divestiture is part of Humana's broader strategy to sell off non-core businesses and refocus on its insurance and higher-growth healthcare services segments like specialty pharmacy. The deal is expected to close in the third quarter of 2025, subject to regulatory approvals.
Humana, one of the nation's largest Medicare Advantage insurers covering over 6 million older adults, announced plans to divest its minority interest in Gentiva, the leading provider of hospice and palliative care services. The $900 million transaction with a consortium of investors represents the continuation of a multi-year divestiture strategy that began before current CEO Jim Rechtin took over. Gentiva was created in 2022 when Humana sold a majority stake in its Kindred at Home hospice and personal care divisions to private investment firm Clayton, Dubilier & Rice, which subsequently rebranded the business. Humana intends to use the proceeds for general corporate purposes as it increasingly focuses on its higher-growth CenterWell healthcare services business, which generated over $22 billion in revenue last year. The deal is expected to close in the third quarter of 2025, pending regulatory approvals.
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- ForbesCenter
Humana To Divest End-Of-Life Care Business For $900 Million
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