Cano Health Pursuing Sale Of Company

Cano Health, Inc., a value-based primary care provider organization and population health company, is in the process of trying to sell the company. It plans to exit operations in California, New Mexico, and Illinois by the fall of 2023, and Puerto Rico by January 1, 2024. During the third quarter of 2023, Cano Health expects to reduce its workforce by approximately 700 employees, or 17% of its workforce. Approximately 40% of the workforce reductions will be attributable to exiting operations in certain markets, with the remainder attributable to consolidation efforts and other administrative operations. 

In its second quarter earnings . . .