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Tuesday, July 16, 2024

Cano Health

Cano health is a leading value-based primary care provider. Its 137 medical centers serve seniors across California, Florida, Nevada, Illinois and Texas.

Health has recently acquired University Healthcare and its affiliates for $600 million. The acquisition will help Health to improve its member access and clinical services while lowering its health care costs.

About Cano Health

Cano health is a high-touch, technology-powered healthcare company that delivers personalized, value-based primary care. Headquartered in Miami, FL, Cano Health serves a broad demographic of patients, delivering healthcare solutions that measurably improve the health, wellness and quality of life of its members and their communities.

Cano Health operates and supports a network of value-based primary care centers and medical practices across Florida, Texas, Nevada and Puerto Rico. The company also provides sophisticated, high-touch population health management programs such as telehealth, prescription home delivery, wellness programs, transition of care and high risk & complex care management.

Recently, Health acquired University Health Care and its affiliates for $600 million. The deal makes Health the largest independent value-based primary care provider for Medicare and Medicaid patients in Florida. The acquisition combines Health’s proprietary population health management platform, CanoPanorama with the high-quality operational and clinical care services of University.

Careers at Cano Health

At Cano Health you will find opportunities to build a fulfilling career, while improving the health and well-being of your community. We offer competitive salaries, a comprehensive benefits package including medical, dental & vision insurance, employee mental health program, paid time off, holidays, tuition reimbursement and a 401(k) with employer match.

Cano Health is the nation’s fastest-growing provider of value-based care to Medicare Advantage populations. The Company is executing a multi-pronged strategy of organic growth through existing centers and de novo clinics, as well as targeted acquisitions.

Cano Health is a rapidly growing senior-focused primary care group led by physicians, which serves Medicare and Humana Medicare Advantage members across California, Florida, Nevada, Illinois, Texas and Puerto Rico. It also provides population health management services through CanoPanorama, a sophisticated technology platform that delivers superior clinical outcomes at lower costs.

Cano Health’s Mission

Cano health’s mission is to become America’s leader in primary care by improving the health. Wellness of our members while lowering healthcare costs. Cano health delivers a comprehensive suite of population health services across the country, including high-touch home visits, telehealth and care management programs.

Cano Health provides value-based health care services to Medicare Advantage and Medicaid members, serving 14 markets across California, Florida, Illinois, Nevada, New Jersey, Texas and Puerto Rico. The Company’s technology-powered CanoPanorama platform enables it to deliver superior clinical outcomes and member experiences, while reducing the cost of healthcare.

Cano Health is a leading provider of value-based healthcare for seniors and underserved communities. Its network of 137 medical centers serves a broad range of Medicare. Medicaid members in the states of California, Florida, Illinois, Nevada, New York, Texas and Puerto Rico.

Cano Health’s Vision

As a leader in value-based primary care, Health is dedicated to providing the highest quality care. Ensuring patients have measurably better outcomes. Founded in 2009, Health operates and manages 126 medical centers in Florida, Puerto Rico, Texas and Nevada.

The company also provides a wide range of wellness, preventive. Population health services for Medicare Advantage members in underserved communitie. Including telehealth, Rx home delivery, transition of care, social programs, and life support.

Health has executed on a multi-pronged strategy of organic growth through existing centers, de novo clinics. MSO affiliate practices to drive a historical revenue compound annual growth rate of over 70% since 2017. In June 2021, the company completed a business combination with Jaws Acquisition Corp.

The combined company will have a strong track record of delivering superior performance. The transaction is expected to result in significant cash proceeds. Which will be used to pay down debt and provide growth capital to Health. Upon closing, Cano Health shareholders will own approximately 65% of the combined company. Jaws Acquisition Corp. shareholders will own approximately 15%; PIPE investors including Barry Sternlicht. Fidelity Management & Research Company LLC and funds and accounts managed by BlackRock, Third Point. Maverick Capital will own a small percentage of the combined company’s shares of common stock. Jaws’ sponsor will own 4% of the issued and outstanding shares of common stock, respectively.

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