Becker's Healthcare May 16, 2022
Humana and New York City-based investment firm Welsh, Carson, Anderson & Stowe have established a second joint venture to build more value-based primary care clinics for Medicare patients.
The partnership will invest $1.2 billion to develop approximately 100 new clinics between 2023 and 2025 and operate them to profitability. The investment firm will have majority ownership and Humana will have a minority stake, but the clinics will be operated under Humana’s CenterWell Senior Primary Care brand, according to a May 16 news release.
Under the agreement, CenterWell will receive a management fee, including performance-based incentives, for the management of all joint venture clinics. The agreement also includes options through which Humana may acquire WCAS’s interest in the joint venture beginning in 2028...