Humana Brings BlackRock In To Run 150 CenterWell Clinics

https://finimize.com/content/humana-brings-blackrock-in-to-run-150-centerwell-clinics

“
BlackRock’s HPS Investment Partners is buying Welsh Carson’s stake for $2.8 billion, with CenterWell keeping day-to-day operations and a 2028 option to buy clinics.

What's going on here?
Humana is bringing BlackRock’s HPS Investment Partners into a new joint venture that will own and operate nearly 150 CenterWell Senior Primary Care clinics.
What does this mean?
The health insurer said the new setup replaces its current clinic ventures with Welsh, Carson, Anderson & Stowe, a private equity firm, with HPS buying that stake for $2.8 billion. Even with HPS as majority owner, CenterWell will keep a minority stake and continue running the clinics day to day, while the partners add capital over the next two years to support existing sites, open new locations, and pursue acquisitions.
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#Acquisition #BusinessDevelopment #Healthcare #Investment #Partnership

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@px So, basically this is similar thing as to when a person takes out a nee credit card to pay off the debt on another credit card. Then, eventually they will need to take out yet another credit card to pay off the second credit card. All the while telling people they’ve got lots of money.

@px Agree.

And we all know from Business Management 101 that you cannot shrink your way to sucess.

This is interesting. Didn’t they sell their 40% remaining stake in Gentiva Hospice to fund the Max Health purchase for primary care in Florida. It feels like this is another attempt to raise cash for stock buy back to raise the share price. I wonder how long before they sell off at least partially or in total the home health segment?

@f4 Yeah, try to have a little dignity and self respect, Humana! Maybe stop raising your skirt so high for the world to see.

Boy, they sure are trying to capitalize on that Blackrock name. Every financial need article is like “Blackrock! Blackrock! Look, we got Blackrock!”

Not sure a corporation that is in the healthcare sector should be lauding such a business relationship.

Oh, Humana, how far ye have fallen!

Steward Healthcare redux for Sanjay?

Unless, I was in Finance or Accounting (I suppose), and was truly a healthcare type person, I would feel totally embarrassed that Humana joined forces with BlackRock.

I would be disgusted and embarrassed to see the two names in tje same sentence together.

So, just curious, how does the Chief Medical Officer feel about this joining with BlackRock?

@ac Actually, even worse in this case because we are talking…

Banks owning Health Clinics…

What could go wrong?!

Those of you that personally go to Centerwell clinics when you are not well, do you now have the warm fuzzies known BlackRock may own the one you go to?

Banks owning Health Insurance…what could go wrong?!

Already starting to sell off pieces of the business.

We all know from Business 101 that businesses do bot thrive from shrinking.

Nope, they thrive from growth!

Thread regarding Humana Inc. layoffs

Humana Brings BlackRock In To Run 150 CenterWell Clinics

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