CenterWell, the healthcare services division of Humana, announced it has completed its acquisition of MaxHealth from Arsenal Capital Partners and the company’s founder-shareholders. Financial terms of the transaction were not disclosed.
MaxHealth is a Florida-based primary care organization with a network of 54 owned primary care clinics, four owned specialty and ancillary clinics, and 24 downstream affiliate clinics across West and South Florida. Together, these facilities provide integrated care to more than 120,000 patients, including more than 80,000 patients participating in value-based care programs.
Following the transaction, MaxHealth will be affiliated with and owned by CenterWell Senior Primary Care, which the company describes as the nation’s largest senior-focused, value-based primary care provider. The acquisition expands CenterWell’s footprint into additional key Florida markets and is expected to increase access to its personalized and integrated care model.
MaxHealth was founded in 2015 and has grown into a leading primary care platform serving adult and senior patients across Florida. The organization is supported by a team of approximately 530 employees, including more than 100 primary care providers and over 30 specialists across 58 owned clinics and 24 affiliated clinics. The company was formed through the combination of three provider organizations: Best Value Healthcare, MAXhealth, and Primary Care Associates, along with 13 additional independent providers under the common ownership of Arsenal Capital Partners.
Support: Guggenheim Securities served as lead financial advisor to MaxHealth, with Morgan Stanley also acting as financial advisor. Sidley Austin served as legal counsel to MaxHealth. For Humana and CenterWell, J.P. Morgan Securities acted as financial advisor, and Latham & Watkins served as legal counsel.
KEY QUOTES
“We are pleased to complete the acquisition of MaxHealth and are excited to welcome their dedicated team of clinicians and staff to CenterWell Senior Primary Care. MaxHealth is a patient-centered, results-driven organization that simplifies the healthcare experience and empowers patients to live their best lives – values that align closely with everything we do at CenterWell. Together, we will make an even bigger difference for those we serve.”
Sanjay Shetty, M.D., President Of CenterWell
“MaxHealth was built through the collective efforts of physician-founded organizations and a remarkable team committed to reshaping healthcare delivery in Florida. From the very beginning, we set out to build a platform grounded in strong provider alignment, patient-first care, and a disciplined approach to growth. Arsenal understood that vision, and our partnership helped turn it into a scaled, durable organization. I am incredibly proud of what this team has built and excited for the impact MaxHealth will continue to have for patients and communities across the state under the stewardship of CenterWell.”
Kimberly Ficocelli, Co-Founder Of MaxHealth
“This milestone reflects the extraordinary work of the founders who built MaxHealth, the physicians who deliver exceptional care every day, and the teammates across our organization who bring our mission to life. We are deeply grateful to Arsenal Capital Partners for its partnership and support during a period of meaningful growth. As we join CenterWell, we are excited to build on this strong foundation and further expand access to high-quality, patient-centered care for the communities we serve.”
Michelle Leslie, Chief Executive Officer Of MaxHealth
“We are proud of the founders and the MaxHealth team in how they have set the standard for delivering high-quality care for patients across Florida. As part of the CenterWell organization, MaxHealth is positioned for continued growth and scaling of its platform. We are delighted to have supported the company and its management team through this chapter and are grateful to the Humana and CenterWell leadership teams for their collaboration and partnership as MaxHealth begins the next leg of its journey.”
Martin Coulter, Chairman Of MaxHealth And Operating Partner Of Arsenal Capital Partners
