BlackRock unit buys 2.8 billion dollar stake in CenterWell clinics

Private equity firm Welsh, Carson, Anderson and Stowe has sold its 2.8 billion dollar stake in CenterWell senior primary care clinics to HPS Investment Partners, PE Hub reported. Seeking Alpha Markets and Forbes Business both report that health insurer Humana has entered into a new 2.8 billion dollar joint venture agreement with BlackRock in connection with the clinic network. Forbes separately reported the deal value as 2.8 million dollars. [1][2][3][5]

The joint ventures operate nearly 150 CenterWell Senior Primary Care clinics, PE Hub reported. Forbes Business and Finimize both report that the partnership covers 150 primary care facilities. The clinics offer senior-focused, value-based primary care services as part of the broader CenterWell business owned by Humana, PE Hub added. [1][3][4]

HPS Investment Partners is an American investment firm headquartered in New York City that focuses on private credit, public credit, private equity, and real assets. The firm became a subsidiary of BlackRock in 2025. In the same year, Private Debt Investor ranked HPS as the second largest private debt investment company based on five-year fundraising totals. [6]

Humana reported operating 350 primary care clinics with approximately 1,300 providers serving 491,100 patients in its annual filing for the period ending December 31, 2025. These facilities operate across fifteen states, including Florida, Texas, and Georgia, primarily under risk-sharing arrangements with Medicare Advantage plans. The filing previously noted 146 clinics structured within a private equity partnership. [8]