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

Reuters
2023-11-11

** Shares of primary care provider Cano Health 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))

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