Cano Health Sells Substantially All Of Its Primary Care Centers In Texas And Nevada To Centerwell Senior Primary Care; Transaction ~$66.7M, Consisting Of ~$35.4M In Cash Paid At Closing And Release Of Certain Liabilities Owed
Portfolio Pulse from Benzinga Newsdesk
Cano Health has sold almost all of its primary care centers in Texas and Nevada to Centerwell Senior Primary Care. The transaction is valued at approximately $66.7 million, which includes around $35.4 million in cash paid at closing and the release of certain liabilities owed.
September 26, 2023 | 1:06 pm
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Cano Health's sale of its primary care centers could potentially free up capital and reduce liabilities, which may positively impact its financial position.
The sale of Cano Health's primary care centers to Centerwell Senior Primary Care for $66.7M, including $35.4M in cash, could potentially improve Cano's financial position. The transaction not only provides immediate cash but also releases Cano from certain liabilities, which could positively impact its balance sheet.
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