Primary care provider Cano plunges on larger-than-expected Q3 loss

Cano Health

10/11/2023 17:44

** Shares of primary care provider Cano Health  CANO.N  fall
31% to $5.67
    ** Co reports Q3 loss of $91.87/shr vs analysts' average
loss estimate of $18.41/shr
    ** Says the loss was driven by an impairment charge of $354
mln paired with higher third-party medical costs
    ** The company had a CEO change in August after it flagged
its ability to continue as a going concern
    ** Including session moves, stock down 95.7% YTD

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