Humana acquires national chronic-care provider, SeniorBridge

Humana IncJul 9 2012

Humana Inc. (NYSE: HUM) announced today it has completed its acquisition of SeniorBridge, a national chronic-care provider best known for providing in-home care management and caregiving services for seniors. Terms were not disclosed.

“By joining forces with Humana, SeniorBridge becomes a stronger care-management and home-care company poised to expand services and scale nationally while improving the experiences of our clients, partners and employees”

Since its founding in 2000, SeniorBridge has been managing complex chronic care for seniors across the United States. SeniorBridge's care-management teams of nurse practitioners, nurses, social workers and certified caregivers help seniors maintain and improve their health while remaining in their homes. A typical SeniorBridge patient is 65 or older and has multiple chronic conditions.

Eric Rackow, M.D., President and Chief Executive Officer of SeniorBridge, will continue leading the organization. He will report to Bruce Perkins, President of Humana's Health and Well-being Services segment.

Acquiring SeniorBridge will immediately expand Humana's existing care management capabilities with the addition of SeniorBridge's national network of more than 2,000 care managers. Humana intends to fully leverage SeniorBridge's capabilities managing chronically ill adults.

"Humana and SeniorBridge share a vision of moving care for seniors into the home," said Humana's Perkins. "SeniorBridge's unique model of care management, planning and coordination, and impressive track record improving the health and function of individuals with complex health needs - and keeping them out of the hospital and emergency room - will enable Humana to better serve this growing segment of the population."

"By joining forces with Humana, SeniorBridge becomes a stronger care-management and home-care company poised to expand services and scale nationally while improving the experiences of our clients, partners and employees," said Dr. Rackow. "We are excited to create the new SeniorBridge and continue our work improving the well-being of individuals with complex health care needs."

SeniorBridge and Humana's care-management division, Humana Cares, will integrate their strong care management programs to provide a full spectrum of telephonic care-management, in-home care management and in-home caregiving to improve the health of seniors living with chronic conditions in the comfort of their homes. Longtime Humana leader Craig Drablos, recently named President of Humana Cares, will report to SeniorBridge CEO Rackow.

Humana's acquisition of SeniorBridge is not expected to have a material impact on Humana's financial earnings guidance for the year ending December 31, 2012.