Cano Health Acquires University Health Care In Miami For $600 Million

Cano Health acquired University Health Care in Miami, Florida for $600 million. The bolt-on acquisition to Cano Health’s proprietary population health management platform leverages Cano Health’s high quality operational and clinical care services to improve health outcomes for University consumers while strengthening the company’s position in the fragmented Florida market.

Combining with University will:

Add approximately 24,000 Medicare Advantage members.
Increase Cano Health’s capitated Medicare organic membership and revenue growth due to a significant increase in clinical capacity and leveraging of Cano Health’s robust brand in the markets in which University operates.
Create . . .