Humana, Kindred, Curo, two equity firms and Walmart all in the rumor mill.
The $1.4 billion deal brings together the Louisville-based health insurance giant; TPG Capital and Welsh, Carson, Anderson & Stowe, the same group that has offered to buy the home care business of Kindred in Louisville. That deal still must get the green light from state and federal regulators.
The same firms said Monday that they’ve also joined up in a bid for Curo Health Services, a large private hospice operator. Humana and the two firms said that the bid to acquire a leading hospice provider furthers their joint plan to invest in and build businesses “that can help modernize, enhance and transform home healthcare in America.”
The companies said that the Curo transaction is not conditioned upon the closing of the companies’ separate acquisition of Kindred at Home and is expected to occur after the closing of Kindred at Home. If both transactions close, the companies would merge Curo with the hospice business of Kindred at Home to create the country’s largest hospice operator.
Curo, which was founded in 2010, is in Mooresville, North Carolina, and has sites in Georgia, Utah, Arizona, Texas, Alabama, Florida and South Carolina and more than a dozen other states in 245 locations.
There have been reports recently that retail giant Walmart is looking to buy Humana.
Read more in The Louisville Courier Journal