Ropes & Gray represented affiliates of Welsh, Carson, Anderson & Stowe in the sale of their equity ownership in CenterWell, a joint venture between WCAS and Humana Inc. (NYSE: HUM) and Humana’s healthcare services business. The stake, valued at approximately $2.8 billion, is being acquired by funds and accounts managed by HPS Investment Partners, a part of BlackRock. The transaction was announced on Oct. 13.
WCAS is a private equity firm focused on healthcare and technology investments. It was founded in 1979 and is headquartered in New York.
The team was led by private equity partners Patrick Dorime and Scott Abramowitz and included tax partners Adam Greenwood and Jay Milkes, HSR partner Deidre Johnson, and litigation & enforcement partner Jane Willis.
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