Villages health care
 

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

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.

TVH only accepts Medicare Advantage plans from UHC, Florida Blue, and Humana.

It will get awkward if they don't announce what advantage plans they're going to accept before the open enrollment period ends.

I am trying to get information on the 2026 plans. I talked to an agent and was told that the plan details will come out on October 1 and the enrollment period for 2026 is from October 15 to December 7, 2025.

Rent
 

So centerwell just purchased the lease arrangements, Morse still owns the building. Yes the $400 million must be gross?

“ Given CenterWell's payor-agnostic structure, TVH patients are expected to have continued access to their current provider following the closing of the transaction, regardless of their selected insurance plan.”

Full text here: The Villages Health ("TVH") Announces Strategic Restructuring and Agreement to be Acquired by CenterWell

Access to all the bankruptcy documents
 

All the bankruptcy documents can be accessed at stretto.com. Click on "Chapter 11 Cases" and follow the directions.

Centerwell - payer-agnostic
 

My understanding is that Centerwell is a payer-agnostic, which means they accept all insurance. Right now The Villages Health only accepts Florida Blue, UHC, and i think one other.
This might bring in more patients to them.

Their specialists accept original Medicare with supplemental insurance plans.

Yes they do, but not Primary Care.

From TVH's website:

And primary care?

For those not well-versed, supplement plans refers to Medigap plans. The confusion comes in that, IMHO, Advantage plans are supplemental because they are not part of Medicare parts A/B, but they are not supplement plans.

Confusion abounds.

Confusion certainly does abound.

My husband is on an advantage plan and sees Dr's at TVH.