Humana, Different Potential Patrons Circle Cano Well being

Humana has a proper of first refusal on any Cano sale, a part of an settlement that was initially struck in 2019.



Photograph:

Luke Sharrett/Bloomberg Information

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Humana Inc.


HUM 1.33%

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and different attainable consumers are circling

Cano Health Inc.,

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CANO 32.41%

in response to individuals aware of the state of affairs, as healthcare heavyweights scramble to snap up primary-care suppliers.

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The talks are critical and a deal to buy Cano may very well be struck within the subsequent a number of weeks, assuming the negotiations don’t disintegrate, a number of the individuals stated. Cano had a market worth of about $3 billion Thursday afternoon.

Miami-based Cano operates primary-care facilities in California, Florida, Nevada, New Mexico, Texas, Illinois, New York, New Jersey and Puerto Rico, in response to documentation from the corporate. It primarily serves Medicare Benefit members, a private-sector various to Medicare for seniors.

It couldn’t be realized who else is within the combine, however Cano may very well be Humana’s to lose because the well being insurer has a proper of first refusal on any sale, a part of an settlement that was initially struck in 2019.

Write to Laura Cooper at [email protected] and Dana Cimilluca at [email protected]

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