June 10 (Reuters) - Humana said on Wednesday it has
agreed to sell all or substantially all of its minority stake in
Gentiva, a provider of hospice and palliative care services, in
a deal valuing the stake at about $900 million.
* The stake will be sold to a group of investors, Humana
said, without disclosing other financial terms.
* Humana plans to use the proceeds for general corporate
purposes and said the deal is not expected to affect its 2026
earnings.
* The transaction is expected to close in the third quarter
of 2026, subject to regulatory approvals and other closing
conditions.
* Gentiva provides hospice care and support for seriously
ill patients at more than 430 locations in 35 states.
* Humana's Gentiva stake stems from its 2021 Kindred at Home
deal, after which it said it would sell non-core hospice and
personal care businesses.
* In 2022, Humana sold a majority stake in Kindred at Home's
hospice and personal care units to private equity firm Clayton,
Dubilier & Rice.
(Reporting by Kunal Das in Bengaluru)