Cano Health, Inc. (“Cano Health” or the “Company”), a leading value-based primary care provider and population health company, announced today it successfully emerged from Chapter 11 as a reorganized private company with a significantly improved capital structure and optimized operations focused on providing quality patient care within the Florida market. The Company has significantly reduced its debt obligations, converting more than $1 billion of prepetition funded debt into a combination of common stock and warrants. As part of the restructuring, the Company’s existing investors also committed more than $200 million in new capital to support Cano Health’s go-forward business plan.
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Source: https://www.prnewswire.com/news-releases/cano-health-announces-successful-emergence-from-chapter-11-302186063.html