Humana and two private equity firms yesterday announced a definitive agreement to acquire Curo Health Services, a hospice operator that provides care to patients at 245 locations in 22 states. The group is purchasing Curo for about $1.4 billion, in which Humana will have a 40% interest. The group previously announced a pending transaction to acquire the Kindred at Home Division of Kindred Healthcare, the nation’s largest home health provider and second largest hospice operator. Upon the closing of these transactions, the group intends to merge Curo with the hospice business of Kindred at Home to create the country’s largest hospice operator, according to the news release. The Wall Street Journal reported last month that Walmart is in preliminary talks to buy Humana.

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