On the heels of going public via a SPAC deal, primary care group Cano Health has acquired Miami-based University Health Care for $600 million. The transaction includes $540 million in cash and $60 million in equity and was financed through cash on hand, incremental borrowings under its existing credit facilities and common equity issued to University’s shareholders, according to a company press release. The deal will significantly expand Cano Health’s market share in Florida, growing its footprint to 13 University facilities and over 300 University staff and affiliate providers serving approximately 24,000 Medicare Advantage members.
Read the full article: Cano Health Acquires Miami-Based University Health Care for $600M to Grow Primary Care Group //
Source: https://www.fiercehealthcare.com/practices/cano-health-acquires-miami-based-university-healthcare-for-600m-to-grow-primary-care