Cano slumps after filing for bankruptcy

Cano Health

05/02/2024 09:55

** Shares of primary care provider Cano Health  CANO.N  fall
~49% to $1.17 premarket
    ** Cano filed for Chapter 11 bankruptcy in the U.S.
Bankruptcy Court for the District of Delaware 
    ** Says it entered into a restructuring support agreement to
reduce debt and solicit potential offers, including the sale of
the firm
    ** It listed estimated assets and liabilities in the range
of $1 billion to $10 billion, according to the court filing
    ** Up to last close, stock down 98% in the last 12 months

 (Reporting by Christy Santhosh)
 ((Christy.Santhosh@thomsonreuters.com))