Private equity firms TPG Capital and Welsh, Carson, Anderson & Stowe (WCAS) are joining with Humana to acquire CURO Health Services for approximately $1.4 billion, according to a news release.
CURO Health Services, based in Mooresville, N.C., is a national hospice operator providing care to patients at 245 locations in 22 states.
TPG Capital, headquartered in Fort Worth, Texas and San Francisco, targets investments in middle-market companies in healthcare and a number of other industries.
WCAS, based in New York, targets growth-oriented companies within the healthcare and information/business services industries.
The CURO transaction is anticipated to close during the summer of 2018. Announcement of the acquisition comes less than six months after TPG, WCAS and Humana agreed to acquire Kindred Healthcare in a $4.1 billion deal.