Healthcare Innovation February 7, 2024
Cano Health has filed for Chapter 11 bankruptcy, raising speculations in the industry that Medicare Advantage Market may be a factor
Staff editors for Reuters reported on Feb. 5 that the Miami-based Cano Health, specializing in seniors’ primary care, has filed for Chapter 11 bankruptcy. Cano Health “entered into a restructuring support agreement to reduce debt and solicit potential offers, including the sale of the firm,” the editors wrote. On Feb 4, Cano Health announced In a news release that it received a commitment for $150 million in new debtor-in-possession financing from existing secured lenders, subject to Court approval.
Cindy Krischer Goodman wrote for the South Florida Sun Sentinel on Feb. 5, “[C]ano listed $1.2 billion in assets, including a...
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