Humana & PE firm consortium to buy Curo Health for $1.4 billion

Date: 2018-04-23   Author: Pankaj Singh  Category: #news

Humana & PE firm consortium to buy Curo Health for $1.4 billion

A consortium consisting of the notable U.S. health insurer Humana along with PE firms Welsh, Carson, Anderson & Stowe and TPG Capital announced that they have reached an agreement to acquire Curo Health Services, a privately held hospice. According to reliable sources the deal was finalized for an amount of $1.4 billion. The deal has been recognized as the group’s largest in the healthcare sector so far.

The consortium is also in the process of acquiring the Kindred at Home Division of Kindred Healthcare Inc. For the record, Kindred Healthcare is reputed for the largest home health provider in the U.S. and the second largest hospice operator in the country. Dependable sources revealed that the consortium intends to merge Curo Health Services with Kindred Healthcare thus creating one of the largest operations in the U.S.

Reportedly, the Curo deal is independent of the Kindred deal – the two are seemingly mutually exclusive of each other. At present the Kindred deal has reached a level of mutual agreement and the consortium agreed to buy Kindred for about $810 million. The Curo deal is to be finalized during summer 2018 and Humana has been reported to hold 40% minority interest in the company.

The consortium came together with the objective of building and investing in businesses that can help upgrade, enhance and transform the home healthcare scenario in America. With the accrual of Curo, Humana and the consortium of private equity firms will have access to the high tech-enabled model and capable management team for hospice care that will help the consortium become a leader in the home health and hospice industry.

The integrated model of hospice and palliative care will help in leveraging data that will facilitate advanced evidence-based outcomes for patients. Additionally, it would co-ordinate the seamless transition from home care to palliative and hospice care as the patient’s disease progresses.



About Author


Pankaj Singh linkdin-boxtwitter

Pankaj Singh

Pankaj Singh Develops content for Algosonline, Market Size Forecasters, and a couple of other platforms. A Post Graduate in Management by qualification, he worked as an underwriter in the UK insurance domain before deciding to switch his field of profession. With exp...

Read More

Post Recommendents

Metal Products Market Research Report Analysis, Industry Size and Growth 2025

Author: Ashwin Naphade

Key inclusions in Metal Products market: past & present development data, unbiased forecasts, segmentation studies, competitive landscape analysis, breakdown of industry value chain, and Covid-19 impact analysis.

.

...


Industrial Computed Tomography market to display lucrative growth trends over 2020-2025

Author: Ashwin Naphade

An analysis of Industrial Computed Tomography market has been provided in the latest report added by Market Study Report that primarily focuses on the market trends, demand spectrum, and future prospects of this industry over the forecast period. ...


Low Frequency Transformer Market Growth By Top Companies with Forecast 2025

Author: Ashwin Naphade

Low Frequency Transformer market report outline: major development trends, restraints, CAGR, remuneration forecast, product varieties and their application scope, competitive terrain, COVID-19 impact analysis.

.

Request...