CANO
Cano Health, Inc.CANO
CANO
Delisted
CANO was delisted on the 2nd of November, 2023.
About: Cano Health Inc operates value-based primary care centers and supports affiliated medical practices that specialize in primary care for seniors in Florida, Texas, Nevada, and Puerto Rico.
Employees: 400
Financial journalist opinion
Neutral
PRNewsWire
11 months ago
Cano Health Announces Agreement with Unsecured Creditors Committee and Court Approval of Disclosure Statement for its Reorganization Plan
Emergence from Chapter 11 Expected in Third Quarter of 2024 MIAMI , May 21, 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 a global agreement with the Unsecured Creditors Committee representing the interests of the Company's general unsecured creditors, with the support of the Ad Hoc Lender Group. It also received approval of its Disclosure Statement by the U.S. Bankruptcy Court for the District of Delaware (the "Court"), paving the way to solicit creditor approval of its Plan of Reorganization and its expected emergence from Chapter 11 in the third quarter.
Neutral
PRNewsWire
1 year ago
NYSE Suspends Trading in Cano Health, Inc. (CANO) and Commences Delisting Proceedings
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.
Neutral
Business Wire
1 year ago
NYSE to Commence Delisting Proceedings Against Cano Health, Inc. (CANO)
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.
Negative
InvestorPlace
1 year ago
Why Is Cano Health (CANO) Stock Down 51% Today?
Cano Health (NYSE: CANO ) stock is plummeting on Monday after the primary care medical services company announced a bankruptcy filing. Cano Health has filed for voluntary Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court for the District of Delaware.
Negative
Reuters
1 year ago
Cano Health files for bankruptcy, receives $150-mln financing commitment
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.
Neutral
PRNewsWire
1 year ago
Cano Health Enters Restructuring Support Agreement with a Significant Majority of its Lenders to Strengthen Financial Position
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.
Neutral
PRNewsWire
1 year ago
Cano Health Receives NYSE Notice of Non-Compliance with Market Capitalization Criteria
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.
Neutral
PRNewsWire
1 year ago
Cano Health Announces Appointment of Two New Independent Directors
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.
Neutral
PRNewsWire
1 year ago
SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Cano Health, Inc. - CANO
NEW YORK , Nov. 20, 2023 /PRNewswire/ -- (PRNEWSWIRE) Pomerantz LLP is investigating claims on behalf of investors of Cano Health, Inc. ("Cano" or the "Company") (NYSE: CANO). Such investors are advised to contact Robert S.
Negative
Proactive Investors
1 year ago
Cano Health's cash flow challenges spark analyst ‘sell' rating
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.
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