Brief: Shareholders Of Cano Health Issue Open Letter Regarding Need For Leadership & Strategy Changes At Co

Cano Health

10/04/2023 13:22

April 10 (Reuters) - Cano Health Inc  CANO.N :
    * SHAREHOLDERS OF CANO HEALTH ISSUE OPEN LETTER REGARDING
NEED FOR
LEADERSHIP AND STRATEGY CHANGES AT COMPANY
    * ELLIOT COOPERSTONE, LEWIS GOLD AND BARRY STERNLICHT - OWN
ABOUT
36% OF CANO, GROUP OUTLINES CONCERNS PERTAINING TO CEO CONDUCT,
CAPITAL ALLOCATION
    * COOPERSTONE, GOLD & STERNLICHT - CALLS ON CANO TO ANSWER
QUESTIONS ABOUT CEO SHARE PLEDGING, RELATED-PARTY DEALS, OTHER
ISSUES INVOLVING INSIDERS
    * COOPERSTONE, GOLD & STERNLICHT - BELIEVE CANO HEALTH NEEDS
TO
DIVEST UNPROFITABLE OPERATIONS TO ACHIEVE POSITIVE FREE CASH
FLOW AS QUICKLY AS POSSIBLE
    * COOPERSTONE, GOLD & STERNLICHT - CANO NEEDS TO REPLACE CEO
MARLOW HERNANDEZ
    * COOPERSTONE, GOLD & STERNLICHT: SELLING NON-CORE UNTIS OF
CANO
SHOULD BE ACCOMPANIED BY REVIEW OF STRATEGIC ALTERNATIVES,
INCLUDING SUBSEQUENT SALE OF CO

Source text for Eikon:  ID:nBw6VrBf4a 
Further company coverage:  CANO.N 

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