Cano Health Shares Soar on Humana and CVS Buyout Rumors

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”

Healthcare Cost Disruptor Privia Health Group prices IPO at $23 High End

Privia Health Group which provides a value-based care platform for physicians accessed in the cloud, priced its IPO at $23 at the high end of the upwardly revised range April 29, 2021. The company will trade under $PRVA provides a raised $449 million At pricing, Privia commands a fully diluted market value of $2.8 billion.