Business Intelligence
The insurer's overall revenue reached $41 billion during the first quarter, driven in large part by its Evernorth health services unit.
Court documents reveal a contentious relationship, and now neither party will receive compensation for the failed merger.
The payer is buying the remaining interest from TPG Capital and Welsh, Carson, Anderson & Stowe in a deal that values Kindred at $8.1 billion.
The groups promise that the new model will be a "radical departure" from traditional fee-for-service models.
M&A activity in the health insurance sector will remain high in 2021, adding to the four significant deals that have already been announced.
The new services include a digital health tool that enables members to engage in shared decision-making with their care team.
The move taps into the small business market in Connecticut and seeks to introduce more choice in coverage options.
Humana disputed the findings and raised concerns about HHS' methodology, saying it's "inconsistent with statistical principles."
The signees view the lack of a second application period as a hindrance to the move toward value-based care.
Average seller size by revenue was $676 million, well above historical averages for the first quarter and for recent year-end averages.