Humana has signed an agreement to acquire SeniorBridge, a New York-based chronic-care provider best known for providing in-home care for seniors.
Founded in 2000, SeniorBridge manages complex chronic care for seniors across the US SeniorBridge’s care-management teams of nurse practitioners, nurses, social workers and certified caregivers help seniors maintain and improve their health while remaining in their homes.
The acquisition of SeniorBridge is expected to immediately expand Humana’s existing clinical capabilities with the addition of former’s national network of 1,500 care managers, according to the company.
Humana also intends to fully leverage SeniorBridge’s capabilities across Humana’s current health plan membership – especially with Humana’s Medicare members and growing population of members enrolled in Special Needs Plans by seeking the appropriate certification as a Medicare provider.
Humana chairman and chief executive officer Michael McCallister said SeniorBridge fills a growing market need and is consistent with Humana’s focus on delivering clinical care for seniors in their homes.
"The company does a terrific job of reducing hospital readmissions and emergency-room utilization, all while helping seniors achieve lifelong well-being," said McCallister.
SeniorBridge president and chief executive officer Eric Rackow said both of their companies are dedicated to ensuring the lifelong well-being of seniors.
"Together, Humana and SeniorBridge can transform how we care for adults with chronic conditions to help them stay safely at home," Rackow said.
Humana’s chief strategy and corporate development officer Paul Kusserow said with SeniorBridge services available for Humana members in the years ahead, Humana will enable more seniors to stay in their homes while spending less for their overall care.
"The acquisition will also increase Humana’s clinical knowledge and strengthen the company’s offerings for members with complex chronic-care needs – expanding the continuum of care options for its sickest members," Kusserow said.
SeniorBridge will enable Humana to provide care services directly, particularly to support activities of daily living (i.e. eating, dressing) and instrumental activities of daily living (i.e. housework, money management, grocery shopping).
The acquisition also demonstrates Humana’s commitment to grow its overall Health and Well-Being Services segment, as the company’s in-home-care reach will expand with SeniorBridge joining Humana.