ORLANDO, Fla., Sept. 9, 2025 /PRNewswire/ -- The Villages Health ("TVH"), the trusted healthcare system for The Villages retirement community in Florida, today announced that the United States Bankruptcy Court for the Middle District of Florida (the "Court") approved a winning asset bid for CenterWell Senior Primary Care to acquire TVH's assets as a going concern following the system's filing for Chapter 11 Bankruptcy restructuring in early July 2025. CenterWell is the nation's largest senior-focused, value-based primary care provider. The transaction is expected to close in the fourth quarter of 2025, subject to certain customary closing conditions.
"We are excited to move into the final stage of the sale process with CenterWell, a healthcare provider whose patient model aligns so closely to ours," said Bob Trinh, Chief Executive Officer of The Villages Health. "We expect a seamless transition for our patients and employees."
Upon closing of the transaction, the assets of TVH, including its eight primary care centers and two specialty care centers serving over 55,000 patients in The Villages, will become part of CenterWell, the healthcare services business of Humana Inc. Given CenterWell's payor-agnostic structure, TVH patients are expected to have continued access to their current health insurance provider following the closing of the transaction, regardless of their selected insurance plan.
"We are pleased that the Court has approved CenterWell's bid for the assets of The Villages Health. We look forward to successfully completing the transaction and working together to help TVH patients achieve their best health through our personalized and integrated approach to care," said Sanjay Shetty, M.D., President of CenterWell.
"CenterWell's patient-centered approach ensures that our community will continue to be provided with the best healthcare offerings possible," said Dr. Elliot Sussman, Chairman of the Board and physician founder of The Villages Health. "We here at TVH have no doubt that, under CenterWell, our community will continue to receive the world-class and holistic healthcare they have come to enjoy since TVH's inception."
"We are extremely grateful for the patience and understanding of our employees and patient population as we underwent these standard yet lengthy proceedings over the summer," Trinh added. "We know the waiting period has been challenging for those affected by the initial announcement."
As part of TVH's voluntary Chapter 11 reorganization filing in July, CenterWell entered into a "stalking horse" Asset Purchase Agreement with TVH. The agreement provided for CenterWell to acquire TVH's assets after the conclusion of the competitive auction. On September 9, the Court approved CenterWell's submission of the winning bid. The Court's decision provides the necessary approval for TVH and CenterWell to proceed with the transaction sale process.
TVH is known for providing patient-focused healthcare to residents of North Central Florida, The Villages, and surrounding communities, and TVH's medical providers have been fixtures in their communities and trusted healthcare providers to their patients for the past 13 years. TVH currently provides essential care to its patients-many of whom are beneficiaries of Medicare and Medicare Advantage plans.
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About The Villages Health ("TVH")
The Villages Health ("TVH") is a premier healthcare provider in North Central Florida that operates primary and specialty care centers, helping its patients live healthy lives through a team-based approach to patient care. In addition to primary care, TVH's healthcare providers provide specialty care services in the fields of audiology, behavioral and mental health, cardiology, dietetics, endocrinology, gastroenterology, gynecology, international pain, neurology, podiatry, rheumatology, and urology. For more information, please visit thevillageshealth.com.
About CenterWell
CenterWell is a leading health care services business focused on creating integrated and differentiated experiences that put our patients at the center of everything we do. The result is high quality healthcare that is accessible, comprehensive, and, most of all, personalized. As the largest provider of senior-focused primary care, a leading provider of home healthcare, and a leading integrated home delivery, specialty, hospice, and retail pharmacy, CenterWell is focused on whole health and addressing the physical, emotional and social wellness of our patients. CenterWell is part of Humana Inc. (NYSE: HUM). Learn more about what we offer at CenterWell.com.
SOURCE The Villages Health
