BUZZ-Cano slumps after filing for bankruptcy

Reuters
05 Feb 2024

** Shares of primary care provider Cano Health 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))

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