Trust Size
$1.0B
Current Price
$0.00
Peak Market Cap
$4.7B
Price Journey
What Happened
Cano Health was a value-based primary care provider operating medical centers in Florida, Texas, Tennessee, and New York, focused on Medicare Advantage patients. The company went public via SPAC merger with Jaws Healthcare Innovators Acquisition Corp in 2021. Cano Health filed for Chapter 11 bankruptcy in February 2024.
Jaws Healthcare Innovators Acquisition Corp (a Peter Thiel-sponsored SPAC) merged with Cano Health in June 2021. The company grew aggressively through acquisitions, operating 56+ medical centers. However, rising costs and the bankruptcy of major partner Steward Health Care destabilized the business. Cano was delisted from NYSE and filed for Chapter 11 in February 2024, emerging as a private company in July 2024 after reducing debt by $1 billion.
Timeline
2020-05-11
S-1 Registration Filed
2024-07-12
Last SEC Filing
2024-02-04
Filed for bankruptcy
🔀 Reverse Stock Split
Reverse split ratio: . Reverse splits are used to avoid delisting but destroy shareholder value through the illusion of a higher stock price.
SEC Filing Details
CIK Number
1800682
Total SEC Filings
561
State of Incorporation
DE
Last Filing Date
2024-07-12
Business Location
Miami Beach, FL
Trust/Asset Size
$1.0B
Data sourced from SEC EDGAR Company Facts API and EFTS search index.
📄 SEC Filings
View all EDGAR filings for Cano Health