Cano Health rises after CEO steps down

Cano Health

20/06/2023 11:23

** Shares of primary care provider Cano Health  CANO.N  rise
14.4% to $1.43 premarket
    ** Co on Friday said its CEO Marlow Hernandez has stepped
down and that it has appointed Mark Kent as interim CEO
    ** Brokerage Credit Suisse says co is continuing efforts to
sell non-core assets
    ** Cano shareholders, including Cooperstone, Gold &
Sternlicht had issued an open letter in April highlighting
urgent need for leadership changes
    ** Up to last close, stock down ~9% YTD

 (Reporting by Mariam Sunny in Bengaluru)
 ((Mariam.ESunny@thomsonreuters.com;))