Primary care provider Cano Health’s stock rose sharply late Thursday, $CANO soared over 50% after WSJ reported Humana (HUM) and CVS Health (CVS) and other possible suitors are hovering with a possible deal in the next several weeks citing sources familiar with the negotiations. Bloomberg reported separately that Cano is working with financial advisers and CVS is weighing a potential bid. Last month Owl Creek Asset Management, which owns a 3.75% stake of 8.69 million shares urged the company to … Continue reading “Cano Health Shares Soar on Humana and CVS Buyout Rumors”
CVS Buys Aetna as Amazon Healthcare Battle Heats Up
CVS has responded to Amazon threats by agreeing to buy Aetna $AET for about $69 billion, creating a drugstore with insurance giant. Rumors have swirled recently that Amazon’s $AMZN next segment of American society it intends to be gobble up is healthcare.