Humana purchased the rest of Kindred at Home in August with plans to sell/spin off/IPO the hospice division. The latest public information on the Kindred at Home (Kentucky Homecare) board showed financial rapscallion representatives from TPG Capital and WCAS. Those gentleman are likely gone from the board and celebrating their massive returns.
SEC and state filings revealed Kentucky Homecare's board. Humana executives Bruce Broussard and Susan Diamond spoke to Morgan Stanley this week.
CEO Broussard's background looked like an executive washroom or a pandemic bunker.
CFO Susan Diamond offered the following expression after the moderator asked about future plans for Kindred at Home.
Broussard did not address the sale of the hospice division, nor did CFO Diamond. They view care in the home as a cost center, which likely means Kindred at Home's longtime "no raise" and "mileage theft" strategies will remain in place.
The sale of the hospice division will provide billions in capital to parent Kentucky Homecare/Humana. Hospice employees will see none of that.
Anonymous
Christine Spadafor has her own private equity firm, The Coltala Group.
ReplyDeleteHow much did she make when Humana bought out its financial rapscallion partners?
https://coltala.com/team/christine-spadafor/