HealthLeaders Media July 10, 2024
The company announced that its reorganization plan received court approval. What’s next for the company?
KEY TAKEAWAYS
– Primary care provider Cano Health has exited bankruptcy as a private company with a focus on its Florida market as it charts a new path forward.
– The company said it converted more than $1 billion of funded debt into common stock and warrants, while its existing investors have committed more than $200 million for support.
– Through the streamlining of its assets, Cano has achieved over $270 million in cost reductions and productivity improvements.
Cano Health has successfully climbed out of bankruptcy months after entering restructuring, the primary care chain announced.
By converting more than $1 billion of funded debt into...
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