Cano Health buys University Health Care for $600 million

Cano Health Inc. has acquired University Health Care and its affiliates for $600 million. Cano said the acquisition would improve health outcomes for University patients while strengthening the company's position in the Florida market. Cano Health now estimates full year 2021 adjusted earnings before interest, taxes, deprecitation and amoritization at $100 million to $110 million and reaffirmed its full year 2021 membership guidance of 154,000 to 162,000 members and revenue guidance of $1.4 billion to $1.5 billion.