Cano Health

Cano Health, Inc. operates primary care centers and supports affiliated medical practices that engages in primary care for seniors in Florida, Texas, Nevada, and Puerto Rico. It provides population health management tools including telehealth, prescription home delivery, wellness programs, transition of care, and high-risk and complex care management. The company was founded by Marlow Hernandez in 2009 and is headquartered in Miami, FL.

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q3 2024

Cano Health reports strong 2022 performance, eyes growth opportunities

Cano Health demonstrated strong performance in membership growth and revenue generation in 2022, despite facing challenges in revenue per member and goodwill impairment. Strategic actions to enhance liquidity and operational efficiency position the company for future growth.
The company's focus on optimizing operations, expanding strategically, and improving cash flows presents opportunities for sustainable growth and profitability. Renegotiated contracts and cost-saving initiatives aim to address challenges and drive financial performance.
With a clear roadmap for 2023, including membership and revenue targets, Cano Health is poised to capitalize on its strengths, navigate challenges, and leverage opportunities to drive value for stakeholders. The company's financial health and growth prospects remain promising.

Cano Health reports robust Q1 performance, focuses on profitability

Cano Health's Q1 2023 performance showcased strong revenue growth, membership expansion, and a focus on operational efficiency and profitability.
The company faces challenges in managing increased MCR and seasonality impacts but is strategically positioned to capitalize on opportunities for growth and cost optimization.
By divesting non-core assets, reallocating resources, and focusing on Medicare Advantage business, Cano Health aims to drive profitability and enhance shareholder value.
Overall, Cano Health's performance, strategic initiatives, and financial position indicate a positive outlook for continued growth and operational improvements.

Cano Health reports revenue growth but faces financial challenges in Q2 2023

Cano Health's Q2 2023 showcased revenue growth and membership expansion, but challenges with financial performance and liquidity require strategic focus.
The company's strengths in core markets and operational efficiency initiatives offer opportunities for growth and improved profitability.
Navigating challenges with Medicare Risk Adjustment, unexpected expenses, and market exits will be crucial for Cano Health's future success and financial stability.

Cano Health reports Q3 losses, focuses on cost management strategies

Cano Health's Q3 2023 performance reflects a mix of challenges and strengths, with a focus on cost management and operational efficiency.
The company's strategic initiatives in the Medicare Advantage business show promise for revenue growth and cost reductions.
While facing liquidity concerns and financial losses, Cano Health is actively addressing these challenges through restructuring and cost-saving measures.
Opportunities for growth and improved financial performance exist through further cost optimization and strategic decision-making.

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BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces that a class action lawsuit has been filed on behalf of investors who purchased Cano Health, Inc. (“Cano” or the “Company”) f/k/a Jaws Acquisition Corp. (“Jaws”) (NYSE: CANO) securities between May 18, 2020 and February 25, 2022, inclusive (the “Class Period”). Cano investors have until May 17, 2022 to file a lead plaintiff motion. Investors suffering losses on their Cano investments are encouraged to contact the Law Offic

INVESTOR ALERT: Law Offices of Howard G. Smith Announces the Filing of a Securities Class Action on Behalf of Cano Health, Inc. f/k/a Jaws Acquisition Corp. (CANO) Investors

LOS ANGELES--(BUSINESS WIRE)--The Law Offices of Frank R. Cruz announces that a class action lawsuit has been filed on behalf of persons and entities that purchased or otherwise acquired Cano Health, Inc. (“Cano” or the “Company”) f/k/a Jaws Acquisition Corp. (“Jaws”) (NYSE: CANO) securities between May 18, 2020 and February 25, 2022, inclusive (the “Class Period”). Cano investors have until May 17, 2022 to file a lead plaintiff motion. If you are a shareholder who suffered a loss, click here t

The Law Offices of Frank R. Cruz Announces the Filing of a Securities Class Action on Behalf of Cano Health, Inc. f/k/a Jaws Acquisition Corp. (CANO) Investors

SAN DIEGO--(BUSINESS WIRE)---- $CANO #attorney--The Class: Shareholder rights law firm Robbins LLP informs investors that a shareholder filed a class action on behalf of persons and entities that purchased or otherwise acquired Cano Health, Inc. (NYSE: CANO) securities between May 18, 2020 and February 25, 2022, for violations of the Securities Exchange Act of 1934. Cano provides primary care medical services to its members in the U.S. and Puerto Rico. If you would like more information about our investigation of

SHAREHOLDER ALERT: Robbins LLP Informs Investors of Class Action Against Cano Health, Inc. (CANO, CANO/WS) f/k/a Jaws Acquisition Corp. (JWS)

NEW YORK--(BUSINESS WIRE)--WHY: Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of Cano Health, Inc. (NYSE: CANO) resulting from allegations that Cano may have issued materially misleading business information to the investing public. SO WHAT: If you purchased Cano securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. The Rosen

CANO EQUITY ALERT: ROSEN, A TOP RANKED LAW FIRM, Encourages Cano Health, Inc. Investors with Losses to Inquire About Securities Class Action Investigation – CANO

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Increases 2022 Guidance for Membership, Total Revenue and Adjusted EBITDA  MIAMI, March 14, 2022 /PRNewswire/ -- Cano Health, Inc. ("Cano Health" or the "Company") (NYSE: CANO), a leading value-based primary care provider and population health company, today announced financial results for the fourth quarter and full year ended December 31, 2021. Financial Results and Recent Highlights Fourth quarter results Total membership of 227,005, including 125,999 Medicare capitated members, an increase of 115% and 69%, respectively year-over-year Total revenue of $492.3 million, an increase of 90% year-over-year Net loss of $0.5 million, benefiting from a $58.3 million fair value adjustment to warrant liabilities Adjusted EBITDA(1) of $11.1 million, compared to $18.1 million for the fourth quarter of 2020 Full year results  Total revenue of $1.6 billion, an increase of 94% year-over-year Full year net loss of $116.7 million, benefiting from an $82.9 million fair value adjustment to warrant liabilities Full year Adjusted EBITDA(1) of $27.3 million, compared to $72.8 million for the year ended December 31, 2020 As of March 11, 2022, the Company had approximately 200 million shares of Class A common stock and 284 million shares of Class B common stock issued and outstanding.

Cano Health Announces Financial Results for the Fourth Quarter and Full Year 2021

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MIAMI , March 14, 2022 /PRNewswire/ -- Cano Health, Inc. (NYSE: CANO or the "Company"), a leading value-based primary care provider and population health company, will host a conference call today at 5:00 PM Eastern Time to review the Company's business and financial results for the fourth quarter and full year ended December 31, 2021.  Prior to the call, a press release with the results will be issued.

Cano Health to Announce Fourth Quarter and Full Year 2021 Results

LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay & Murray LLP (“GPM”), a leading national shareholder rights law firm, continues its investigation on behalf of Cano Health, Inc. (“Cano Health” or the “Company”) (NYSE: CANO) investors concerning the Company's possible violations of the federal securities laws. If you suffered a loss on your Cano Health investments or would like to inquire about potentially pursuing claims to recover your loss under the federal securities laws, you can submit you

Glancy Prongay & Murray LLP, a Leading Securities Fraud Law Firm, Continues Its Investigation of Cano Health, Inc. (CANO) on Behalf of Investors

Third Point leader Daniel Loeb (Trades, Portfolio) disclosed earlier this week he upped his stake in Cano Health Inc. ( CANO , Financial) by 1.91% after seeing the stock lose more than half its value since going public via special purpose acquisition company last summer.

Daniel Loeb Ups Stake in Cano Health as Shares Slide

BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith continues its investigation on behalf of Cano Health, Inc. (“Cano Health” or the “Company”) (NYSE: CANO) investors concerning the Company's possible violations of federal securities laws. On February 28, 2022, Cano Health announced that it would be delaying the release of its financial results from the fourth quarter and full year 2021 due to the results of a recent internal audit. The audit “identified certain non-cash adjustments

INVESTOR ALERT: Law Offices of Howard G. Smith Continues Its Investigation of Cano Health, Inc. (CANO) on Behalf of Investors

NEW YORK, March 9, 2022 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Cano Health, Inc. ("Cano" or the "Company") (NYSE: CANO). Such investors are advised to contact Robert S.

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Cano Health, Inc. - CANO

LOS ANGELES--(BUSINESS WIRE)--The Law Offices of Frank R. Cruz continues its investigation of Cano Health, Inc. (“Cano Health” or the “Company”) (NYSE: CANO) on behalf of investors concerning the Company's possible violations of federal securities laws. If you are a shareholder who suffered a loss, click here to participate. On February 28, 2022, Cano Health announced that it would be delaying the release of its financial results from the fourth quarter and full year 2021 due to the results of

The Law Offices of Frank R. Cruz Continues Its Investigation of Cano Health, Inc. (CANO) on Behalf of Investors

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BOSTON (Reuters) -Hedge fund Third Point LLC is pushing Cano Health to put itself up for sale because the senior-care facility operator's stock price has tumbled since it went public with a blank check company.

Third Point takes stake in Cano Health, pushes for company sale

NEW YORK--(BUSINESS WIRE)-- #Cano--Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, is investigating potential claims against Cano Health, Inc. (“Cano Health” or the “Company”) (NYSE: CANO) on behalf of Cano Health stockholders. Our investigation concerns whether Cano Health has violated the federal securities laws and/or engaged in other unlawful business practices. Click here to participate in the action. On February 28, 2022, Cano issued a press release “announc[

CANO HEALTH ALERT: Bragar Eagel & Squire, P.C. is Investigating Cano Health, Inc. on Behalf of Cano Health Stockholders and Encourages Investors to Contact the Firm

LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay & Murray LLP (“GPM”), a leading national shareholder rights law firm, today announced that it has commenced an investigation on behalf of Cano Health, Inc. (“Cano Health” or the “Company”) (NYSE: CANO) investors concerning the Company's possible violations of the federal securities laws. If you suffered a loss on your Cano Health investments or would like to inquire about potentially pursuing claims to recover your loss under the federal securiti

Glancy Prongay & Murray LLP, a Leading Securities Fraud Law Firm, Announces Investigation of Cano Health, Inc. (CANO) on Behalf of Investors

BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces an investigation on behalf of Cano Health, Inc. (“Cano Health” or the “Company”) (NYSE: CANO) investors concerning the Company's possible violations of federal securities laws. On February 28, 2022, Cano Health announced that it would be delaying the release of its financial results from the fourth quarter and full year 2021 due to the results of a recent internal audit. The audit “identified certain non-cash adjustments t

INVESTOR ALERT: Law Offices of Howard G. Smith Announces Investigation of Cano Health, Inc. (CANO) on Behalf of Investors

LOS ANGELES--(BUSINESS WIRE)--The Law Offices of Frank R. Cruz announces an investigation of Cano Health, Inc. (“Cano Health” or the “Company”) (NYSE: CANO) on behalf of investors concerning the Company's possible violations of federal securities laws. If you are a shareholder who suffered a loss, click here to participate. On February 28, 2022, Cano Health announced that it would be delaying the release of its financial results from the fourth quarter and full year 2021 due to the results of a

The Law Offices of Frank R. Cruz Announces Investigation of Cano Health, Inc. (CANO) on Behalf of Investors

NEW YORK--(BUSINESS WIRE)---- $CANO--The law firm of Kirby McInerney LLP is investigating potential claims against Cano Health, Inc. (“Cano Health” or the “Company”) (NYSE: CANO). The investigation concerns whether Cano Health has violated the federal securities laws and/or engaged in other unlawful business practices. Cano Health is a primary care provider for seniors and underserved communities. On February 28, 2022, Cano Health announced that it will delay the release of Q4 and full year 2021 financia

Kirby McInerney LLP Announces an Investigation of Shareholder Claims on Behalf of Cano Health, Inc. (CANO) Investors

MIAMI, Feb. 28, 2022 /PRNewswire/ -- Cano Health, Inc. ("Cano Health" or the "Company") (NYSE: CANO), a leading value-based primary care provider for seniors and underserved communities, today announced it will delay its fourth quarter and full year 2021 earnings release, conference call and 2022 guidance updates, previously scheduled for Monday, February 28, 2022. The Company currently anticipates filing a Form 12b-25, Notification of Late Filing, no later than March 2, 2022, which will provide the Company with a 15 day calendar extension to file its Form 10-K.

Cano Health Delays Fourth Quarter and Full Year 2021 Earnings Release and Conference Call

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MIAMI, Feb. 10, 2022 /PRNewswire/ -- Cano Health, Inc. (NYSE: CANO or the "Company"), a leading value-based primary care provider and population health company, will host a conference call on Monday, February 28, 2022, at 8:30 AM Eastern Time to review the Company's business and financial results for the fourth quarter and full year 2021 ended December 31, 2021.  A press release announcing the results will be issued earlier that morning.

Cano Health to Announce Fourth Quarter and Full Year 2021 Results and Host Investor Conference Call and Participate in Upcoming Virtual Investor Conferences

NEW YORK--(BUSINESS WIRE)--InTandem Capital Partners, LLC (“InTandem”), a healthcare services focused private equity firm, today announced the closing of a supplemental private equity investment fund, InTandem Capital Opportunities Fund, LP (the “Fund”), at the hard cap of $225 million of limited partner commitments. The Fund, which was significantly oversubscribed, will focus on providing expansion capital to existing portfolio companies and additional capital for future platform investments f

InTandem Capital Partners Closes on Additional Limited Partner Commitments to Increase Size of Active Funds to Over $650 Million

MIAMI, Jan. 14, 2022 /PRNewswire/ -- Cano Health, Inc. (NYSE: CANO) announced today that its wholly-owned subsidiary, Cano Health, LLC ("Cano Health"), completed a repricing of its approximately $644.4 million senior secured Term Loan B maturing November 23, 2027 (the "Term Loan"). The Term Loan will bear interest using a forward looking-term rate based on the secured overnight financing rate ("Term SOFR"), replacing LIBOR as the reference rate.

Cano Health Announces Repricing of Term Loan

MIAMI, Jan. 7, 2022 /PRNewswire/ -- Cano Health, Inc. (NYSE: CANO), a leading value-based primary care provider for seniors and underserved communities, announced today its membership at the end of the fourth quarter of 2021 and as of January 1, 2022. Total membership at the end of the fourth quarter of 2021 was 227,000, up 114% year-over-year, and above prior year-end 2021 guidance of 218,000 members.

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