![]() ![]() ![]() COVID-19 also impacted administrative-related costs and expenses associated with additional safety measures taken for staff. In its hospice operations, Humana saw a decline in admissions during Q4 compared to the prior year’s quarter, though it saw increases on the home health side. The pandemic also impacted patient census volumes in the health care services segment. These gains were partially offset by an “unmitigated COVID-19 related headwind” as market shares fell in 2021, Humana reported, along with transaction and integration costs associated with the Kindred at Home acquisition, which totaled $35 million in Q4 alone. Similar to Q3 2021, the company again attributed this rise to factors such as growing Medicare Advantage business (including higher MA premiums) and state contracts membership, among others. Humana’s health care services segment, which includes Kindred at Home, saw full-year revenues rise by $2.79 billion in 2021 compared to the prior year, a 10% increase. Humana reported a $1.13 billion gain during 2021’s third quarter associated with the company’s previous minority ownership in Kindred at Home, anticipating the deal to make a continued mark as it looks ahead to coming years. Humana and Goldman Sachs declined to comment to Hospice News regarding these details. Working in collaboration with Goldman Sachs, the process is anticipated to target private equity buyers and will capitalize on high market valuations in the hospice space, according to Axios. Humana was recently rumored to have taken another step closer divesting Kindred at Home’s hospice business, according to an Axios report earlier this week. “We have continued to explore various alternatives for the long-term ownership of the structure of the business, and have initiated steps to reorganize the hospice business for standalone operations while also making investments to improve clinician recruiting and retention to position the business for further growth.” “We are committed to advancing our plans to divest a majority interest in our hospice business,” said Brousssard. ![]()
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