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Humana acquires in-home chronic care provider to cut admissions
In an attempt to curb hospitalizations and emergency room visits while increasing care coordination for seniors, Humana has signed an agreement to acquire SeniorBridge, a New York-based chronic care provider that offers in-home care for seniors.
"SeniorBridge fills a growing market need and is consistent with Humana's focus on delivering clinical care for seniors in their homes," Hunmana CEO Michael McCallister said in a Nov. 29 press release. "The company does a terrific job of reducing hospital readmissions and emergency-room utilization, all while helping seniors achieve lifelong well-being."
The chronic care provider, whose 2011 revenue is projected to be roughly $72 million, employs nurse practitioners, nurses, social workers, and certified caregivers to provide services, such as transportation, meal preparation, and management of ventilators and tube feeding machines, to help seniors maintain and improve their health while letting seniors remain in their homes longer, according to LifeHealthPro.
Although SeniorBridge focuses on customers with private insurance, Humana will leverage SeniorBridge's business across its mostly Medicare-based membership, according to the insurer's press release. "With SeniorBridge services available for Humana members in the years ahead, Humana will enable more seniors to stay in their homes while spending less for their overall care," said Paul Kusserow, Humana's chief strategy and corporate development officer. "The acquisition will also increase Humana's clinical knowledge and strengthen the company's offerings for members with complex chronic-care needs -- expanding the continuum of care options for its sickest members."
Financial terms of the agreement were not disclosed. The deal is expected to close in the first half of 2012, after obtainining regulatory approvals.
To learn more:
- see the Humana press release
- read the LifeHealthPro article
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