Humana and Welsh Carson to Spend $600M on Medicare Clinics

Health insurer Humana and private equity giant Welsh, Carson, Anderson & Stowe are launching a $600 million joint venture to develop primary care centers to treat seniors insured by Medicare Advantage plans. The clinics will be managed by Humana’s Partners in Primary Care subsidiary, which already operates primary care centers in a half dozen U.S. markets to make sure seniors enrolled in Medicare Advantage plans are getting quality low-cost medical treatment upfront in an outpatient clinic. Humana’s Partners in Primary Care Centers include physicians, nurse practitioners, “nurse care coaches,” clinical pharmacists, behavioral health specialists and social workers. Welsh Carson, a private equity firm known for its investments in healthcare and technology and Humana said they are making “an initial commitment of approximately $600 million to the joint venture.” Welsh Carson will be the majority owner of the new company and Humana will hold a “a small” undisclosed minority stake, the companies disclosed in an announcement Monday.

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