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Originally Posted by ROCKETMAN
My question is I read that Humana Centerwell I guess purchased villages health care for 68 million. I thought previously Morse owned the 10 buildings and villages health paid rent which came to around 12 million a year. Not sure about those numbers. I read centerwell purchase includes all the buildings? Also read tvh grossed or netted $400 million last year. I’m sure there is more to it but that would be a good deal for centerwell. One more question there are advantage plan and supplements. My understanding is you can’t have an advantage plan and belong to villages health soon to be centerwell. But I assume they will accept other supplements. Sorry for the ignorence
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Morse does own the buildings and collects rent. Centerwell purchase includes the lease to the buildings, as well as any other contracts they had.
In the past, Village Health only accepted certain Advantage Plans from United Health. That will probably change with the new ownership. No announcement has been made yet.
If the correct number is $400 million, that would be gross, not net. There are many large expenses to be paid from that, notably rent, salaries, insurance, utilities, etc.