MedCity News June 14, 2021
Cano Health, which provides primary care services for seniors, bought Miami-based University Health Care for $600 million. University Health Care serves approximately 24,000 Medicare Advantage members, which will bring Cano Health’s membership to around 143,000.
Senior-focused primary care provider Cano Health is expanding its footprint with a $600 million acquisition.
The company has purchased Miami-based University Health Care, a primary care service provider that includes 13 medical centers serving approximately 24,000 Medicare Advantage members, said Barbara Ferreiro, chief brand officer at Cano Health, in an email.
The acquisition, which has already closed, increases Miami-based Cano Health’s membership to approximately 143,000 receiving care at 88 medical centers with over 1,000 staff and affiliate providers. Cano Health paid $540 million in cash...
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