Cano Health shares rise after separation of chairman and CEO roles

Cano Health

17/04/2023 16:45

** Shares of primary care provider and population health co
Cano Health  CANO.N  up 11.7% at $1.48
    ** Co separates roles of chairman and CEO, appointing
Solomon Trujillo, co's lead independent director, as
non-executive chairman, effective immediately
    ** Marlow Hernandez to continue as CEO and member of board
    ** Co expects further improvements in patient outcomes and
revenue, while decreasing its third-party medical and
administrative costs as a percentage of revenue
    ** Also evaluating non-core asset sales to improve free cash
flow 
    ** CANO shares up 8.4% YTD

 (Reporting by Tanya Jain)
 ((Tanya.Jain@thomsonreuters.com))