Cano Health Inc - Ordinary Shares - Class A

NYSE:CANO  
10.75
+0.03 (+0.28%)
4:00:00 PM EDT: $10.74 -0.01 (-0.09%)
Positive Earnings Pre-Announcement, Mergers / Acquisitions

Cano Health Acquires University Health Care For $600 Million And Increases 2021 Adjusted EBITDA Guidance To Over $100 Million

Published: 06/14/2021 10:35 GMT
Cano Health Inc - Ordinary Shares - Class A (CANO) - Cano Health Acquires University Health Care for $600 Million and Increases 2021 Adjusted EBITDA Guidance to Over $100 Million.
Sees FY Revenue $1.4 Billion to $1.5 Billion.
Projects Full Year 2021 Adjusted EBITDA Between $100 Million and $110 Million.
Acquired University With $540 Million in Cash and $60 Million in Equity.
Transaction Was Financed Through Cash on Hand and Common Equity Issued to University's Shareholders.
Cano Health - Combining With University Will Create Synergies by Adding Affiliate Providers to Canopanorama Platform, Medical Center Operations.
Revenue is expected to be $300.09 Million
Adjusted EPS is expected to be -$0.01

Next Quarter Revenue Guidance is expected to be $382.49 Million
Next Quarter EPS Guidance is expected to be -$0.01

More details on our Analysts Page.