News & Events

The Firm is representing Evercore as financial advisor to Humana Inc. in connection with the announced definitive agreement to acquire a 40% minority interest in privately held Curo Health Services.

Humana, along with TPG Capital and Welsh, Carson, Anderson & Stowe (“WCAS”), jointly created a consortium to purchase all of the outstanding and issued securities of Curo for approximately $1.4 billion. Humana will indirectly own 40% of Curo, with the remaining 60% indirectly owned by an entity owned by TPG and WCAS.

Humana is committed to helping its millions of medical and specialty members achieve their best health. The company’s successful history in care delivery and health plan administration is helping create a new kind of integrated care with the power to improve health and well-being and lower costs. Its efforts are leading to a better quality of life for people with Medicare, families, individuals, military service personnel and communities at large.

Curo is one of the nation’s leading hospice operators providing care to patients at 245 locations in 22 states. Curo brings a highly capable management team and a tech-enabled, centralized model for hospice care that presents the opportunity for Humana and its consortium partners to be a leader in managing the continuum of home health, palliative care and hospice in an integrated fashion, creating a positive and differentiated experience for patients and their families – as well as their care providers.

The Simpson Thacher team includes Caroline Gottschalk and Erika Tang (M&A).