Cano Health (CANO) Stock: Why It Surged Over 15% Today

By Amit Chowdhry ● Jul 6, 2022
  • The stock price of Cano Health Inc (NYSE: CANO) surged by over 15% during intraday trading today. This is why.

The stock price of Cano Health Inc (NYSE: CANO) surged by over 15% during intraday trading today. Investors are responding to speculation that Humana is reportedly in talks to acquire Cano Health.

According to Dealreporter via Seeking Alpha, an acquisition of Cano Health could be a more readily accessible option for Humana as Humana has a right of first refusal in a deal worth 20% of Cano Health’s revenue or income. And Humana is in the process of developing primary care locations through a joint venture with private equity firm Welsh, Carson, Anderson & Stowe

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.