Humana extended its reach into home care on Monday, announcing it will acquire One Homecare Solutions from private equity group WayPoint Capital Partners. Miramar, FL-based One Homecare Solutions, also known as onehome, coordinates infusion care, nursing, occupational therapy and other services in patients’ homes.
The deal will build on the Louisville, KY-based health insurer’s value-based home health strategy and its recent acquisition of home care provider Kindred at Home.
“By combining One Homecare Solutions’ value-based approach with Kindred’s home health services and Humana’s analytical capabilities and clinical expertise, we believe we can create a transformational value-based offering to serve more people, including non-Humana plan members, nationwide,” Susan Diamond, segment president for Humana’s Home Health Business and interim CFO, said.
One Homecare Solutions provides service in Florida and Texas, but Humana said the company’s experience in risk-based contracting and the variety of services it offers could be scaled in other states.
“Since first launching onehome in 2013, we have had a front row seat at the care-in-the-home revolution that is driven by our society’s desire to positively impact clinical outcomes, affordability, and patient experience,” Ramon Falero, chief executive officer and co-founder of One Homecare Solutions, said. “We built the onehome model with a focus on integrating all key home-based patient care delivery needs with risk-taking capabilities and robust technology.”
Infrastructure legislation would be win for Humana
In April, Humana announced it was acquiring the remaining 60% interest in Kindred at Home, the nation’s largest home health and hospice provider. Humana — which now calls itself a health and well-being company — said owning Kindred at Home outright will help Humana better manage the holistic needs of its members.
But analysts also say both acquisitions could better position Humana as a service provider if Congress includes the care economy in infrastructure funding.
“I would say the ongoing initiatives by the Biden administration and the Democrat-controlled Congress have made investing in at-home care more attractive for a variety of healthcare companies, including Humana. If there is more demand for at-home services, the valuations of acquisition targets in that end market should generally rise, as well,” Morningstar healthcare analyst Jule Utterback told McKnight’s Home Care Daily.
Humana did not disclose the financial terms of the onehome deal. It is expected to close sometime in the second quarter of this year.
This article originally appeared on McKnight's Senior Living
