Humana forms BlackRock joint venture for nearly 150 CenterWell clinics
Filed with the SEC on · Summarized by InvestorsBot
Humana entered a joint venture with BlackRock’s HPS Investment Partners to replace its existing WCAS arrangements, with BlackRock acquiring WCAS’s equity stake valued at approximately $2.8 billion; the venture will be majority-owned by BlackRock, while CenterWell continues operating the nearly 150 clinics. The transaction is expected to close in the fourth quarter of 2026, reduce Humana’s balance-sheet liabilities and cost of capital, and does not include a BlackRock put option; Humana affirmed 2026 adjusted EPS guidance of at least $9.00.