Cano Health, Inc. Price, Forecast, Insider, Ratings, Fundamentals & Signals

Miami , feb. 5, 2024 /prnewswire/ -- cano health, inc. (nyse: cano) ("cano health" or the "company") announced today that on february 5, 2024, the new york stock exchange (the "nyse") notified the company that the nyse had determined to (a) commence proceedings to delist the company's class a common stock, par value $0.01 per share ("common stock") and (b) immediately suspend trading in the company's common stock pursuant to section 802.01d of the nyse listed company manual after the company filed voluntary petitions for relief under chapter 11 of the u.s. bankruptcy code in the u.s. bankruptcy court for the district of delaware on february 4, 2024. the nyse will apply to the u.s. securities and exchange commission to delist the company's common stock upon completion of all applicable procedures.

New york--(business wire)--the new york stock exchange llc (“nyse” or “exchange”) announced today that the staff of nyse regulation has determined to commence proceedings to delist the class a common stock of cano health, inc. (the “company”) — ticker symbol cano — from the nyse. trading in the company's class a common stock will be suspended immediately. nyse regulation reached its decision that the company is no longer suitable for listing pursuant to listed company manual section 802.01d aft.

Positions the company to advance its ongoing transformation plan designed to significantly reduce costs, enhance productivity, and improve cash flow receives commitment for $150 million in new capital ensures patients continue to receive high-quality care across medical centers miami , feb. 4, 2024 /prnewswire/ -- cano health, inc. (nyse: cano) ("cano health" or the "company"), a leading value-based primary care provider and population health company, today announced that it has entered into a restructuring support agreement (the "rsa") with lenders (the "ad hoc lender group") holding approximately 86% of its secured revolving and term loan debt and 92% of its senior unsecured notes. this agreement enables cano health to substantially reduce its debt and position the company to achieve long-term success.

Accelerates transformation plan, now targeting $290 million of cost reductions miami , dec. 29, 2023 /prnewswire/ -- cano health, inc. (nyse: cano) (" cano health " or the " company ") announced today that it was notified by nyse regulation inc. (the " nyse ") that it is not in compliance with section 802.01b of the nyse listed company manual (the " listing rule ") because the company's total market capitalization has been less than $50 million over a 30 trading-day period and its stockholders' equity is less than $50 million. pursuant to the listing rule, the company has 10 business days from receipt of the notice to send a letter to the nyse confirming receipt of the notice and to indicate whether it intends to cure the deficiencies.

Patricia ferrari and carol flaton to enhance the board's and management's ongoing strategic, operational and financing initiatives miami , dec. 18, 2023 /prnewswire/ -- cano health, inc. ("cano health" or the "company") (nyse: cano), a leading value-based primary care provider and population health company, today announced the appointment of patricia ferrari and carol flaton to its board of directors. ms. ferrari and ms.

Cano Health filed for Chapter 11 bankruptcy in the U.S. Bankruptcy Court for the District of Delaware late on Sunday and said it entered into a restructuring support agreement to reduce debt and solicit potential offers, including the sale of the firm.

Cano Health Inc's cash flow challenges appear ‘daunting' as the primary care provider's recent quarterly losses swelled, according to UBS analysts.  In an update to clients, they downgraded Cano Health stock from ‘Neutral' to a ‘Sell', while slashing its price target to $3.75 per share from $12 previously, as the analysts believe elevated third-party medical expenses will have a sustained negative effect on the company's already challenged liquidity position.

Cano Health (NYSE: CANO) stock price has crashed as concerns about the company's future remained. The shares tumbled by more than 19% on Friday and reached an all-time low of $6.62.

Cano Health, Inc. (NYSE:CANO ) Q3 2023 Earnings Conference Call November 9, 2023 5:00 PM ET Company Participants Mark Kent – Chief Executive Officer Eladio Gil – Interim Chief Financial Officer Conference Call Participants Eduardo Ron – Truist Securities Operator Good afternoon, and welcome to Cano Health's Third Quarter 2023 Earnings Call. Currently, all participants are in listen-only mode.

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Despite a seemingly positive move on paper, Cano Health (NYSE: CANO ) — which provides value-based primary care for seniors — only saw a modest blip to the downside in early Friday afternoon. Yesterday morning, management announced the completion of a 1-for-100 reverse stock split of its Class A and Class B common shares.

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As if it didn't have enough problems, the company received a delisting warning from its exchange. It now has six months to regain compliance with New York Stock Exchange listing requirements.

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