Humana (HUM) Forms New Joint Venture To Fund CenterWell Clinic Growth

Humana (NYSE:HUM) has created a new joint venture with BlackRock's HPS Investment Partners to grow CenterWell Senior Primary Care clinics. The partnership includes HPS acquiring Welsh, Carson, Anderson & Stowe's equity interest in CenterWell's senior primary care platform. BlackRock's HPS unit becomes the majority owner in the venture, which is structured to supply capital for clinic expansion and operations. The joint venture with BlackRock's HPS to fund CenterWell clinics is only one piece...