Expanding an organization to care for more patients

We partnered with Curo Health Services to execute both de novo and inorganic growth strategies.

The Opportunity

With eight hospice affiliates in over 20 states, Curo Health Services is a leading provider of compassionate end-of-life care for patients and their families. The company’s dedicated employees provide tailored medical care and pain management as well as emotional and spiritual support in the patient’s home, and sometimes in hospitals or long-term care facilities. With its established expertise, Curo had an opportunity at the start of our partnership to scale and support the needs of more patients with terminal diagnoses, as well as their loved ones.

The Challenge

At the beginning of our partnership, Curo Health Services was known for providing best-in-class hospice care, but it had room to grow in the marketplace.

The Results

We helped Curo Health Services expand its reach by leveraging both organic and inorganic strategies through a combination of de novo growth, M&A and operational efficiency.

Growth from the ground up

The company opened 35 new agencies in the first year of our partnership and 30 in the second, putting it on a path to become a scaled leader in U.S. hospice care.

Successful acquisition

Curo acquired and successfully integrated New Century Hospice, ensuring continuity of compassionate care and quality services.

Related content

2023 Healthcare Trends and Our Outlook for 2024
Insights
2023 Healthcare Trends and Our Outlook for 2024 

Operational Challenges, Patent Cliffs & Biotech Funding Slowdown, and Generative AI Define 2023; Encouraging Prospects Emerge for 2024 Key Takeaways: The healthcare industry experienced a significant transformation in 2023, driven by three defining trends: operational challenges due to staffing shortages and evolving payment models, looming patent cliffs for pharma manufacturers and a biotech funding slowdown that impacted

Healthcare (HC)
Humana, Together with TPG Capital and Welsh, Carson, Anderson & Stowe, Announce Completion of the Acquisition of Curo Health Services
Press Release
Humana, Together with TPG Capital and Welsh, Carson, Anderson & Stowe, Announce Completion of the Acquisition of Curo Health Services 

LOUISVILLE, KY, SAN FRANCISCO, NEW YORK, and MOORESVILLE, NC – Humana Inc. (NYSE: HUM), TPG Capital (TPG) and Welsh, Carson, Anderson & Stowe (WCAS) (collectively, the Consortium) today announced the completion of the previously announced acquisition of Curo Health Services (Curo), one of the nation’s leading hospice operators providing care to patients at 245 locations

For a list of all portfolio company investments made by THL since its inception, please click here.

Want to know more?

Learn more about our integrated approach to private equity

How we invest