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Tuesday, December 19, 2017

=Kindred Healthcare (KND) to be bought by Humana (HUM), PE firms in $4.1 billion deal

Kindred Healthcare confirms to be acquired by a consortium of three cos: TPG Capital, Welsh, Carson, Anderson & Stowe and Humana (HUM) for approximately $4.1 billion in cash or $9.00/share

(Reuters) - Kindred Healthcare Inc said on Tuesday it will be bought by health insurer Humana Inc and two private equity firms in a deal valued at $4.1 billion.

The home healthcare provider and hospice operator said its shareholders will receive $9 per share in cash for each share they own, representing a 4.7 percent premium over the stock’s Friday close.

TPG and Welsh, Carson, Anderson & Stowe are the private equity firms in the deal.

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