Cano Health rises on CEO appointment

Cano Health

21/08/2023 14:06

** Shares of primary care provider Cano Health Inc  CANO.N 
rise ~5% to 39 cents premarket
    ** Co says its board of directors has appointed Mark Kent as
CEO
    ** Adds, former CEO Marlow Hernandez has stepped down from
the board
    ** Co recently flagged doubts on its ability to continue as
a going concern
    ** The appointment comes after shareholders, including
former directors Elliot Cooperstone and Barry Sternlicht, said
last week CANO should appoint Kent as its permanent CEO
    ** Up to last close, stock down ~73% YTD

 (Reporting by Sriparna Roy in Bengaluru)
 ((Sriparna.Roy@thomsonreuters.com;))