05:51 AM EDT, 09/10/2025 (MT Newswires) -- Humana's (HUM) healthcare services business CenterWell Senior Primary Care has won the bid to acquire The Villages Health retirement community in Florida, the latter said Wednesday.

The company said this was executed after the United States Bankruptcy Court for the Middle District of Florida approved CenterWell's bid to acquire The Villages Health's assets as a going concern following the system's filing for Chapter 11 Bankruptcy restructuring in early July.

The Villages Health added that as part of its voluntary Chapter 11 reorganization filing in July, CenterWell entered into a "stalking horse" asset purchase agreement. A stalking horse acquisition is when a bankrupt company selects an initial bidder to set the minimum price for its assets in a court-approved auction.

The agreement provided for CenterWell to acquire TVH's assets after the conclusion of the competitive auction, it noted.

No financial details of the transaction was disclosed.

The transaction is expected to close in the fourth quarter of 2025, the company noted.

Upon closing of the transaction, the assets of The Village Health, including its eight primary care centers and two specialty care centers serving over 55,000 patients in The Villages, will become part of CenterWell, it said.

Humana shares were up nearly 2% in recent premarket activity.