Humana has completed the sale of a 60 percent stake in its subsidiary Kindred at Home's hospice and personal care business to the private equity firm Clayton, Dubilier & Rice.
The divisions have been restructured into a standalone company, according to an Aug. 11 Humana news release.
The $2.8 billion deal was first announced in April.
"Humana will continue to support the long-term success of these operations through our minority ownership and ongoing strategic partnership," CFO Susan Diamond said in the news release.
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