Reuters September 22, 2022
Sept 22 (Reuters) – U.S. primary care provider Cano Health is exploring a sale and working with advisors after receiving acquisition interest, according to people familiar with the matter.
Cano Health has received buyout interest from potential buyers including Humana Inc and CVS Health Corp (CVS.N), the sources said.
Cano, which went public last year through a merger with a special purpose acquisition company backed by billionaire Barry Sternlicht, received buyout interest after their poor results last month, prompting them to explore a sale, one of the sources said.
A deal could be finalised in the coming weeks, the sources said.
Cano declined to comment, while Humana and CVS said they do not comment on rumours or speculation.
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