STAT+: BlackRock to buy majority stake in Humana’s CenterWell clinics for $2.8 billion — SkimNews
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- BlackRock is buying Welsh, Carson, Anderson & Stowe's majority stake in Humana's CenterWell Senior Primary Care clinics in a transaction valued at $2.8 billion.
- The CenterWell network comprises 150 Medicare Advantage-focused clinics.
- Welsh Carson had invested at least $1.8 billion into the venture since 2020, roughly six years before exiting the position.
- Humana said the proceeds will fund existing clinic operations, add new clinics, and finance strategic acquisitions over the next two years.
- The deal swaps a private-equity sponsor for one of the world's largest asset managers, replacing a mid-market financial backer with a much larger capital base behind the clinic network's expansion.
Why it matters: CenterWell has been a core pillar of Humana's Medicare Advantage growth strategy, and swapping a mid-market PE backer for BlackRock signals deeper-pocketed backing for the clinic network's next expansion push. The $2.8 billion deal against Welsh Carson's roughly $1.8 billion invested since 2020 implies a meaningful return for the exiting sponsor on a roughly six-year hold.
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