| NEW YORK
NEW YORK Aug 12 Private equity firm GTCR LLC
has hired investment banks to find a buyer for Curo Health
Services, a provider of home healthcare and hospice services,
and hopes it will fetch as much as $750 million, according to
people familiar with the matter.
GTCR is working with Goldman Sachs Group and
Jefferies on a potential sale of the company, one of the people
said on Tuesday. GTCR formed Curo Health in Mooresville, North
Carolina, in 2010 and built it up through acquisitions,
They asked not to be named because the matter is not public.
Representatives for GTCR, Goldman and Jefferies could not be
reached for comment.
Curo operates 87 locations across 10 states with a combined
census of over 3,600 patients, according to its website.
The company has roughly $75 million in earnings before
interest, tax, depreciation and amortization and hopes to fetch
roughly 10 times that amount, according to the people familiar
with the matter.
Another healthcare services provider, ResCare, is also being
sold by its private equity owner Onex Corp in a deal
that could fetch more than $1 billion, Reuters reported earlier
(Reporting by Olivia Oran and Soyoung Kim in New York; Editing
by Lisa Shumaker)