Humana enters CenterWell senior clinic joint venture with BlackRock’s HPS Investment Partners
BLK•Humana entered a joint venture with BlackRock’s HPS Investment Partners to own nearly 150 CenterWell senior primary care clinics. BlackRock will buy Welsh, Carson, Anderson & Stowe’s stake, valued at about $2.8 billion, with the deal targeted to close in the fourth quarter of 2026.
1. Joint venture details
Humana entered a joint venture with BlackRock’s HPS Investment Partners to own nearly 150 CenterWell senior primary care clinics, replacing the existing Welsh, Carson, Anderson & Stowe ventures. CenterWell will continue managing clinic operations, and additional capital is expected over two years to fund operations, new clinics and acquisitions; closing is targeted for the fourth quarter of 2026.
2. Future options
CenterWell can begin buying clinics in 2028. BlackRock can trigger an exit sale by the end of 2033 if clinics remain.
