Cano Health (CANOQ) has provided an update.
Cano Health, Inc. and its subsidiaries have filed for Chapter 11 bankruptcy to restructure their business, aiming to reduce debt and improve their long-term prospects. The bankruptcy proceedings are under review, with updated reorganization plans and amendments being filed, all subject to negotiations and approval by the Bankruptcy Court. The company continues to operate, focusing on a transformation plan to cut costs and enhance productivity while ensuring quality patient care. Forward-looking statements indicate optimism for liquidity to support operations during restructuring, with the goal of emerging stronger and poised for success.
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