{"schema_version":"secwatch.filing_event.v1","accession":"0000049071-26-000060","form_type":"8-K","ticker":"HUM","cik":"0000049071","company_name":"HUMANA INC","filed_at":"2026-10-13T10:04:36+00:00","discovered_at":"2026-10-13T10:05:00.580469+00:00","generated_at":"2026-10-13T10:05:11.194400+00:00","sec_items":["7.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Humana forms CenterWell JV with BlackRock; $2.8B WCAS stake; affirms $9+ FY26 EPS","bullets":["New JV with BlackRock (HPS Investment Partners) to manage ~150 CenterWell Senior Primary Care clinics; BlackRock acquires WCAS stake valued ~$2.8B; BlackRock majority owner, CenterWell minority.","No put option; derivative recorded at fair value; significant reduction in balance sheet liabilities vs existing WCAS put arrangements; lower cost of capital.","CenterWell may purchase clinics starting 2028; if not all acquired by end 2033, BlackRock can exit via sale; CenterWell has right of first offer. Min return protections for BlackRock.","Transaction expected to close Q4 2026, subject to regulatory approval; not expected material to 2026 adjusted EPS. Humana affirms FY2026 Adjusted EPS guidance of at least $9.00.","Second BlackRock transaction this year: prior divestiture of minority interest in Gentiva to consortium including BlackRock. Advisors: Guggenheim lead financial advisor, Goldman Sachs."],"urls":{"canonical":"https://secwatch.observer/filing/0000049071-26-000060","json":"https://secwatch.observer/filing/0000049071-26-000060.json","markdown":"https://secwatch.observer/filing/0000049071-26-000060.md","text":"https://secwatch.observer/filing/0000049071-26-000060.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/49071/000004907126000060/0000049071-26-000060-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/49071/000004907126000060/hum-20261013.htm"},"model":{"generated_by":"deepseek-v4.1-flash:cloud@v2","generated_at":"2026-10-13T10:05:11.194400+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}