Insurance giant Humana and two private equity firms – TPG Capital and Welsh, Carson, Anderson & Stowe – have agreed to acquire privately held hospice operator Curo Health Services for about $1.4 billion.
The same consortium is also in the midst of buying the nation’s largest home health provider and second-largest hospice provider, Kindred at Home, as part of a takeover of post-acute care company Kindred Healthcare.
Curo is based in Mooresville, North Carolina, about 45 minutes north of Charlotte. The company encompasses 245 locations in 22 states, and the consortium intends to merge it with Kindred at Home once the transactions close. This would create the nation’s largest hospice operator, the consortium announced Monday. The Curo deal is expected to close during the summer of 2018 after the Kindred at Home deal closes.
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