Humana & The Consortium To Buy Curo Health Services For About $1.4 Billion

On April 23, 2018, Humana announced that it will partner with TPG Capital and Welsh, Carson, Anderson & Stowe (collectively called the Consortium) to acquire hospice provider organization Curo Health Services, LLC (Curo). The transition is expected to close during the summer of 2018, for about $1.4 billion. Humana is paying $800 million of the cost, and will have a 40% minority stake in Curo following the acquisition.

Curo provides hospice services in 245 locations in 22 states. The objective of the acquisition is to continue the Consortium's goal of becoming a leader in home health, palliative care . . .