HealthLeaders Media October 6, 2023
The company is seeking ways to improve cash flow to stay afloat.
KEY TAKEAWAYS
– Cano Health is netting nearly $67 million by selling its Texas and Nevada centers to Humana’s subsidiary, bringing it to approximately $109 million in available liquidity.
– After using $80 million of that liquidity to pay off debt, it’s likely Cano will continue seeking sale partners to bring in more cash and keep the business going.
Cano Health found a lifeline in its sale of its Texas and Nevada primary care centers and more divestitures could be on the way for the company as it claws for liquidity.
By selling its clinics to Humana’s CenterWell Senior Primary Care business, the value-based primary care chain brings...
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