Humana enters joint venture with BlackRock to manage 150 CenterWell clinics
BLK•Humana and BlackRock will form a joint venture to manage 150 CenterWell clinics, with BlackRock buying WCAS’s equity ownership valued at $2.80 billion. Humana affirmed its fiscal 2026 adjusted EPS guidance of at least $9.
1. Clinic joint venture
Humana entered a joint venture with BlackRock to manage 150 CenterWell clinics. BlackRock will buy WCAS’s equity ownership in the CenterWell joint ventures, valued at $2.80 billion.
2. Options and guidance
CenterWell will have the option to purchase clinics from the joint venture beginning in 2028. BlackRock may exit through a sale process for the remaining clinics by the end of 2033, and CenterWell agreed to certain minimum return protections for BlackRock. Humana said it does not expect changes to its fiscal 2026 adjusted non-GAAP EPS guidance of at least $9.
