Humana-BlackRock Deal and Village Medical Divestitures Signal Shift in Senior Primary Care

Recent transactions indicate a shift in who delivers and how expansion is financed for older adult-focused primary care, even as home-based primary care was once described as a trend with staying power, according to Home Health Care News.

Harbor Health agreed on October 6 to acquire 27 Texas-based primary care clinics from Village Medical, the second such acquisition after it bought 32 clinics in September 2025, part of a broader unwinding of the Walgreens-backed national expansion.

Separately, Humana announced a joint venture with funds managed by HPS Investment Partners, part of BlackRock, to manage and operate 150 CenterWell Senior Primary Care clinics, with BlackRock acquiring Welsh, Carson, Anderson & Stowe's equity ownership valued at roughly $2.8 billion.

The joint venture will deploy additional capital to fund existing operations, establish new clinics, and expand through acquisitions, and starting in 2028 CenterWell will have an option to purchase clinics from the venture.

Home Health Care News framed the developments as a reevaluation of senior primary care rather than a retreat from the model, with growth increasingly coming from buying existing practices or restructuring financing rather than building a national footprint on assumptions about demand.

The article advised home-based care providers to pay attention to the organization behind primary care relationships, since practice ownership changes can create openings for new referral and care-coordination partnerships and bring different expectations about networks and how providers demonstrate value.