Apr 23, 2018

Humana buys hospice company for $1.4 billion

A wife comforts her husband in a hospice room. Photo: Jay Westcott/The Washington Post via Getty Images

Humana and its private-equity partners are buying the hospice operator Curo Health Services for $1.4 billion.

Why it matters: Humana is diving further into delivering health services, instead of just selling health insurance, and all of its provider businesses mostly cater to seniors. Humana is going all-in on the baby boomer population, which is a major reason why it's an attractive target for Walmart.

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Private equity returns fell behind stocks over the past decade

Illustration: Aïda Amer/Axios

U.S. private equity returns fell just below S&P 500 returns for the 10-year period ending last June, according to a report released Monday morning by Bain & Company.

Why it matters: Private equity markets itself as beating public markets over long-term time horizons, and usually providing an illiquidity premium to boot. These new performance figures not only dent such claims, but provide fresh ammunition to critics of public pension investment in private equity funds.

Why Apple may move to open iOS

Photo illustration: Jakub Porzycki/NurPhoto via Getty Images

Apple may finally allow iPhone owners to set email or browsing apps other than Apple's own as their preferred defaults, according to a Bloomberg report from last week.

The big picture: Customers have long clamored for the ability to choose their preferred apps, and now Apple, like other big tech companies, finds itself under increased scrutiny over anything perceived as anticompetitive.