BUZZ - BlackRock profits from clinic joint venture agreement with Humana

October 13 - ** Health insurance company Humana (HUM.N) shares rose 1.39% to $439.5; asset management firm BlackRock (BLK.N) rose 1.58% in pre-market trading to $1,101.01

** According to filings from the U.S. Securities and Exchange Commission (SEC), HUM and BLK formed a joint venture (link) to manage 150 CenterWell primary care clinics

** BlackRock will acquire approximately $2.8 billion in equity held by private equity firm Welsh, Carson, Anderson & Stowe in the HUM subsidiary CenterWell clinic joint venture

** The transaction is expected to be completed in the fourth quarter of 2026

** HUM reaffirmed its adjusted earnings per share (EPS) outlook of at least $9 for fiscal year 2026—according to SEC filings

** As of the previous trading day's close, shares of HUM and BLK have risen 69.3% and 1.2% respectively so far this year

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