Cano Health sells Texas, Nevada primary care centers to Humana for $66.7M

Miami-based primary care provider Cano Health is selling the bulk of its centers in Texas and Nevada.

The $66.7 million value of the sale to CenterWell Senior Primary Care, owned by Humana, is made up of $35.4 million in cash and the release of certain Cano liabilities, the company said.

The sale of the centers adds to previously announced plans to exit the California, New Mexico and Illinois markets by the fall of 2023. Cano Health has also said it plans to exit Puerto Rico by Jan. 1, 2024.

Cano Health, whose operating loss was $245.6 million in the second quarter, is cutting about a fifth of its workforce and seeking a sale of the business to ensure its survival.

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