Cano Health says three directors resign, shares fall

Cano Health

31/03/2023 16:09

** Health insurer Cano Health Inc's  CANO.N  shares fall
22.1% to $0.88
    ** Co says disappointed that three directors chose to resign
    ** Late on Thursday, investor Barry Sternlicht announced his
resignation from the co's board of directors
    ** Cano went public through a merger with a special purpose
acquisition company backed by billionaire Sternlicht
    ** Adds co's board and management will continue to work
closely together, to improve operational execution, enhance cost
discipline, and achieve positive free cash flow
   ** Including session losses, stock down ~36%


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