Humana Inc has signed a definitive agreement to acquire One Homecare Solutions (onehome) from WayPoint Capital Partners, to further advance its strategy to build a value-based home health offering, it announces in a media release.
onehome, a provider of a variety of home-based services, has pioneered a valued-based model in Florida and Texas, and has served Humana members since 2015. It currently manages a range of post-acute needs including infusion care, nursing, occupational therapy, physical therapy and durable medical equipment (DME) services at patients’ homes, as well as appropriate site of care placement through its skilled nursing facility (SNF) at home programs.
The acquisition of onehome aligns with Humana’s recent announcement to fully acquire and integrate Kindred at Home, and provides a number of key capabilities that will enable Humana to more effectively deliver value-based home health at a national scale, the release continues.
“At Humana, we are implementing a strategy to build a new Value-Based Home Health model that will improve patient outcomes, increase satisfaction for patients and providers, and provide greater value for health plan partners. The acquisition of onehome is a key component of that strategy.”
— Susan Diamond, Segment President for Humana’s Home Business and Humana’s Interim Chief Financial Officer
“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. We have had the privilege of serving millions of patients with this model – the need for which has only increased during the COVID-19 pandemic. We are honored to now have the opportunity to expand our model as part of the Humana team, with whom we share the mission of bringing healing home.”
— Ramon Falero, Chief Executive Officer and Co-Founder of onehome
“We are proud of the longstanding partnership between onehome and Humana, and their shared vision to offer value-based care in the home. Through significant investment in clinical innovation and a fully integrated delivery system for post-acute patient needs, onehome enables better outcomes for patients recovering at home alongside greater levels of coordination and insight for health plan partners.”
— Philip Edmunds, Partner at WayPoint Capital Partners
Financial terms were not disclosed. The acquisition is expected to close in the second quarter of 2021 and is subject to customary state and federal regulatory approvals. The company does not anticipate a material impact to 2021 earnings from this pending transaction, per the release.
[Source(s): Humana, Business Wire]