Cano Health Shares Soar 42% On WSJ Report of Potential Buyers
September 22 2022 - 4:02PM
Dow Jones News
By Denny Jacob
Cano Health Inc. shares soared 42% to $8.93 after The Wall
Street Journal reported that Humana Inc. and other possible buyers
are circling the company.
Trading was paused for volatility at 3:16 p.m. EDT and resumed
seven minutes later.
The talks are serious and a deal to purchase Cano could be
struck in the next several weeks, assuming the negotiations don't
fall apart, the Journal reported. Miami-based Cano operates
primary-care centers in California, Florida, Nevada, New Mexico,
Texas, Illinois, New York, New Jersey and Puerto Rico.
Humana Inc. shares edged up 1.5% to $498.08.
Write to Denny Jacob at denny.jacob@wsj.com
(END) Dow Jones Newswires
September 22, 2022 15:47 ET (19:47 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
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