Cano Health sees interest for rest of primary care assets

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Cano Health sees interest for rest of primary care assets

Cano Health has said interest for the rest of its primary care assets. While Cano shares dipped quickly on the news, they are now down 6.7%.

Cano Health is seeing interrest for its primary care assets from strategic and private equity buyers, according to an Axios Pro report, which cites two sources familiar with the matter. The company is working with JPMorgan and Oppenheimer on a breakup.

Cano said on Tuesday that it sold substantial assets related to its senior-focused primary care centers in Texas and Nevada to CenterWell Senior Primary Care for $66.7 million.

Mark Kent, the new CEO of Cano Health, will be named the president of the company next month. The company's CEO, Kent, took over as interim CEO after Marlow Hernandez resigned in June.