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M&A TRANSACTION · 2018

Curo Health Services acquired by Kindred at Home (Humana/TPG/Welsh Carson)

$1.40B· 11.7x EBITDA· 1.65x revenue

Target

Curo Health Services

Mooresville, NC

Large hospice provider with 245 locations in 22 states

Acquirer

Kindred at Home (Humana/TPG/Welsh Carson)

Private Equity buyer

Disclosed financials at time of acquisition

Revenue

$850.0M

EBITDA

$120.0M

Deal Value

$1.40B

EV/EBITDA

11.7x

Context

This $1.40B acquisition of Curo Health Services by Kindred at Home (Humana/TPG/Welsh Carson) sits in the hospice sub-vertical. The 11.7x EBITDA multiple paid in 2018 can be compared against the population median for hospice transactions of similar size on our Hospice valuation hub. Kindred at Home (Humana/TPG/Welsh Carson) is acquiring as a private equity buyer; see how PE acquirers typically price hospice businesses on our Hospice PE buyer-pool page.

Source

Data sourced from Welsh Carson Press Releaseprimary source. All figures reflect disclosed values at the time of the acquisition; no estimated or imputed data. Methodology

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Citation: ExitValue.ai. (2018). Curo Health Services acquired by Kindred at Home (Humana/TPG/Welsh Carson). https://exitvalue.ai/deals/curo-health-services-acquired-by-kindred-at-home-humanatpgwelsh-carson-home-healthc