Clayton, Dubilier & Rice (CD&R) will acquire the hospice and personal care divisions of Humana’s Kindred at Home (KAH) subsidiary for about $2.8 billion, according to a news release.

The transacted divisions include patient-centered services for hospice, palliative, community and personal care.

The deal is expected to close in the third quarter.

CD&R, with its U.S. office in New York, is a private equity firm that pursues investments in healthcare and a few other sectors. Founded in 1978, the firm states it has managed the investment of approximately $40 billion in more than 100 companies.