Cano Health investors who resigned from its board of directors last week are sharing new specifics on concerns that precipitated their departure, including allegations of conflicts of interest, related-party transactions and insider loans at the value-based medical provider. Investors Barry Sternlicht, Elliot Cooperstone and Lewis Gold, who collectively hold 36% of Cano’s stock, penned an open letter on Monday outlining “serious concerns” regarding Cano’s management and trajectory. The letter also calls on Cano to oust its CEO and sell non-core businesses to focus on profitability.
Read the full article: Cano’s Former Board Members Allege Conflicts of Interest, Insider Loans //
Source: https://www.healthcaredive.com/news/cano-former-board-members-allege-conflicts-of-interest-insider-loans/647209