Troubled primary care provider Cano may have a difficult restructuring road, given reimbursement headwinds in Medicare Advantage. CMS payment pressures could mean turbulence for other investor-backed primary care companies laden with debt. The Miami-based company filed for Chapter 11 bankruptcy late Sunday. The next day, Nasdaq said it would start the process to delist Cano.
Read the full article: Cano Health’s Fall from Grace //
Source: https://www.axios.com/pro/health-tech-deals/2024/02/07/cano-delist-bankruptcy-restructure-medicare-advantage