Humana, TPG Capital and Welsh, Carson, Anderson & Stowe announced Monday the acquisition of Kindred Healthcare has been completed, Fierce Healthcare reports.
The $4.1 billion deal was announced last year, and will separate Kindred’s health care businesses into a standalone business, Kindred at Home.
Humana owns 40 percent of the company, and can exercise the option to buy the remaining ownership in the future.
Kindred recently dodged a lawsuit filed by a top shareholder, Brigade Capital Management. The hedge fund in the lawsuit claimed the company was selling at $9-per-share, a number below market value.
A Delaware court in late March ultimately denied the shareholder’s bid to block the acquisition.