BlackRock acquires majority stake in Humana CenterWell clinics for $2.8 billion
Humana announced Tuesday that BlackRock will purchase a majority stake in its CenterWell Senior Primary Care clinic network from Welsh Carson, Anderson & Stowe.
Transaction value and scope
The health insurer confirmed the deal is valued at $2.8 billion. This transaction involves a network of 150 clinics focused on Medicare Advantage patients.
Private equity exit timing
Welsh Carson has held its investment for more than six years since the initial entry. The firm contributed at least $1.8 billion to the venture starting in 2020 before selling out.
Future operational plans
Humana stated the funds will support current operations and allow for new clinic openings. The company also intends to use capital for other strategic acquisitions over the next two years.
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