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Humana is buying a minority stake in Kindred, a home health company. Photo: BSIP/UIG / Getty

Health insurer Humana and two private-equity firms — TPG Capital and Welsh, Carson, Anderson & Stowe — are buying out home health giant Kindred Healthcare for $800 million. Including debt, Kindred is valued at $4.1 billion.

Why it matters: The deal, first reported by the Wall Street Journal, would combine one of the largest Medicare insurers with a company that treats a lot of seniors at home. It's also another example of the rapid consolidation in health care as companies try to gain negotiating clout and combine businesses with the hope of lowering health care costs.

Context: Kindred acquired Gentiva Health Services, a home health and hospice operator, in 2014 after protracted hostile negotiations. The companies at the time claimed the merger had "compelling strategic rationale and industrial logic," but Kindred has since been sold for parts.

Go deeper: Humana, which will get a 40% stake in Kindred, still could be an acquisition target for another health care company that wants a sizable chunk of the Medicare Advantage market.

Go deeper

Dan Primack, author of Pro Rata
2 hours ago - Technology

TikTok gets more time (again)

Illustration: Aïda Amer/Axios

The White House is again giving TikTok's Chinese parent company more to satisfy national security concerns, rather than initiating legal action, a source familiar with the situation tells Axios.

The state of play: China's ByteDance had until Friday to resolve issues raised by the Committee on Foreign Investment in the U.S. (CFIUS), which is chaired by Treasury secretary Steve Mnuchin. This was the company's third deadline, with CFIUS having provided two earlier extensions.

Federal judge orders Trump administration to restore DACA

DACA recipients and their supporters rally outside the U.S. Supreme Court on June 18. Photo: Drew Angerer via Getty

A federal judge on Friday ordered the Trump administration to fully restore the Deferred Action for Childhood Arrivals program, giving undocumented immigrants who arrived in the U.S. as children a chance to petition for protection from deportation.

Why it matters: DACA was implemented under former President Obama, but President Trump has sought to undo the program since taking office. Friday’s ruling will require Department of Homeland Security officers to begin accepting applications starting Monday and guarantee that work permits are valid for two years.

Updated 4 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Politics: Fauci says he accepted Biden's offer to be chief medical adviser "on the spot" — The recovery needs rocket fuel.
  2. Health: CDC: It's time for "universal face mask use" — Death rates rising across the country — Study: Increased testing can reduce transmission.
  3. Economy: U.S. economy adds 245,000 jobs in November as recovery slows — America's hidden depression: K-shaped recovery threatens Biden administration.
  4. Cities: Bay Area counties to enact stay-at-home order ahead of state mandate
  5. Vaccine: What vaccine trials still need to do.
  6. World: UN warns "2021 is literally going to be catastrophic"
  7. 🎧 Podcast: Former FDA chief Rob Califf on the vaccine approval process.