Cano Health Acquires Doctor’s Medical Center For $300 Million

Cano Health, which provides senior-focused primary care, acquired Doctor's Medical Center (DMC) in South Florida for $300 million. DMC provides primary care services to about 54,000 people covered by Medicare or Medicaid, and people with individual health insurance marketplace plans across 18 medical centers in South Florida.

The acquisition expands Cano Health’s membership, and further enhances the company’s position in the fragmented Florida market. With 15 of the 18 DMC medical centers serving predominantly adult and pediatric Medicaid members, the addition of DMC also enables Cano Health to deliver more targeted services to its existing . . .