According to a Wall Street Journal (WSJ) story citing unidentified sources, Humana may be contemplating acquiring Cano Health.
This is part of a larger trend in which healthcare conglomerates are buying up primary-care physicians.
The negotiations are apparently “serious,” and a final decision might be reached in the next weeks assuming the talks do not fail. CVS and other unnamed corporations were said to be interested in the acquisition.
Cano, on the other hand, may go all-in with Humana because the insurance has a right of first refusal on any sale as part of a 2019 deal.
Humana accomplished this in August 2021 when it acquired Kindred at Home, the nation’s largest home health and hospice service. As it launched the CenterWell Home Health company, it expanded its at-home services.
Humana stated in a news release, “CenterWell aspires to seamlessly combine patient data, coordinate treatment, and handoffs, and interact directly with patients as well as their doctors, so living settings and social support networks are taken into account.” “Because CenterWell is payer-agnostic, it accepts members and patients from a wide range of Medicare Advantage, conventional Medicare, Medicaid, and commercial plans, not only Humana programs.”
