Humana Sells Majority Stake in CenterWell Clinics to BlackRock

Humana announced a $2.8 billion joint venture in which BlackRock will acquire a majority stake in nearly 150 senior primary care clinics operated by CenterWell, Humana's senior healthcare division. The deal restructures ownership of a large network of clinics serving older adults, many of whom are dually eligible or enrolled in Medicare Advantage plans with overlapping Medicaid populations in some markets. Terms of the transaction's closing timeline were not detailed beyond the Tuesday announcement. The move reflects continued consolidation and outside capital investment in senior-focused primary care delivery models.

Managed Care