Clayton, Dubilier & Rice, a private investment firm, agreed to acquire a majority stake in the Kindred at Home Hospice and Personal Care divisions of Humana, a for-profit American health insurance company based in Louisville, Kentucky, for $2.8bn. "While palliative and hospice services are important components in the continuum of care that Humana offers patients, we are confident that we can deliver desired patient outcomes and improved customer experiences through partnership models rather than fully owning KAH Hospice. We explored a broad range of alternatives and believe this transaction best allows Humana to divest majority ownership of these non-core businesses today, while still maintaining a strategic minority interest through our remaining stake. With CD&R’s established physician relationships, value-based care expertise, and record of providing strategic capital to a wide range of businesses, we are certain that these divisions are well-positioned for success under the joint ownership of Humana and CD&R," Susan Diamond, Humana CFO.