News Report | June 2, 2022
Humana’s CenterWell Enters Second Joint Venture To Develop 100 More Senior Primary Care Clinics
Humana’s CenterWell Senior Primary Care division entered a $1.2 billion joint venture with investment firm Welsh, Carson, Anderson & Stowe (WCAS) to develop approximately 100 new payer-agnostic CenterWell Senior Primary Care clinics for Medicare beneficiaries. The arrangement was announced on May 16, 2022. The new clinics are slated to launch between 2023 and 2025. This joint venture expands upon an existing collaboration between the two partners, which is currently deploying up to $800 million of capital to open 67 clinics by early 2023 and support their ongoing operations.
Under this new agreement, CenterWell Senior Primary Care will . . .