Core Insights - Humana has significantly expanded its primary care business, increasing the number of patients seen by CenterWell Senior Primary Care by over 25%, equating to more than 100,000 additional patients in 2025 [3] - The acquisition of MaxHealth, which operates 54 primary care clinics and serves over 120,000 patients, is part of Humana's strategy to enhance its primary care offerings and expand into key markets [8] Financial Performance - CenterWell reported revenue of $22.5 billion in 2025, up from $19.9 billion the previous year, indicating strong growth in the primary care segment [5] - Despite revenue growth, income from operations remained flat at approximately $1.3 billion, as the primary care arm adjusted to a new CMS risk adjustment model [5] Competitive Landscape - Other major insurers like CVS and UnitedHealth are also involved in primary care, with CVS facing challenges such as a $5.7 billion goodwill impairment charge and plans to slow growth in its senior care clinics [6] - UnitedHealth has made cuts to its affiliated providers and reduced risk-based membership in its care delivery unit to improve profitability [7]