Business
The Villages Health ("TVH") Announces Strategic Restructuring and Agreement to be Acquired by CenterWell
The Villages Health ("TVH"), the trusted healthcare system for The Villages retirement community in Florida, today announced that it is proceeding with a strategic restructuring to preserve the business's day-to-day operations and further enhance patient care. As part of this strategy, TVH today voluntarily filed for bankruptcy in the United States Bankruptcy Court for the Middle District of Florida, Orlando Division, under Chapter 11 of the U.S. Bankruptcy Code, and filed customary First Day Mo
About this update from Humana Inc.
[{"type":"text","content":"ORLANDO, Fla., July 3, 2025 /PRNewswire/ -- The Villages Health ("TVH"), the trusted healthcare system for The Villages retirement community in Florida, today announced that it is proceeding with a strategic restructuring to preserve the business's day-to-day operations and further enhance patient care. As part of this strategy, TVH today voluntarily filed for bankruptcy in the United States Bankruptcy Court for the Middle District of Florida, Orlando Division, under Chapter 11 of the U.S. Bankruptcy Code, and filed customary First Day Motions seeking relief on an immediate basis to minimize any adverse delays or disruptions to its daily operations.","length":671,"tagName":"p"},{"type":"image","alt":"The Villages Health Logo","displaySize":"","headline":null,"caption":"The Villages Health Logo","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":56,"url":"https://media.zenfs.com/en/prnewswire.com/3d46f2944d59bfb3539a34aa3595ac79"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/s3HoS6o0MJD1Nqwq7sM.EQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTk5O2NmPXdlYnA-/https://media.zenfs.com/en/prnewswire.com/3d46f2944d59bfb3539a34aa3595ac79","width":400,"height":56}},"href":"https://mma.prnewswire.com/media/2724617/TVH_logo_Green350_Logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"In addition, after extensive negotiations and discussions, CenterWell Senior Primary Care, the nation's largest senior-focused value-based primary care provider, has entered into a "stalking horse" Asset Purchase Agreement with TVH. The agreement provides for CenterWell, the healthcare services business of Humana Inc., to acquire TVH's assets as a going concern, including eight primary care centers and two specialty care centers. A Court order approving the sale, following an auction process during which other parties may submit an offer to purchase TVH's assets, will be a condition of the transaction moving forward and closing. In the meantime, TVH will continue to fully operate its business and manage its affairs without interruption during the sale process, providing high-quality healthcare services to patients during this transition period. Given CenterWell's payor-agnostic structure, TVH patients are expected to have continued access to their current provider...