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Private company

Cano Health, Inc.

Cano Health, Inc. is an American Offices and Clinics of Doctors of Medicine services company.2 It is headquartered in Miami, United States.2

Last updated Oct 21, 2026.

Overview

$3.1BRevenue, fiscal 20233
-$594.4MNet income, fiscal 20233
  • IndustryServices-Offices & Clinics of Doctors of Medicine2
  • HeadquartersMiami, United States2
  • Incorporated inDE4
  • Business address9725 Nw 117Th Avenue, Suite 200, Miami, Fl 331784
  • Filer categoryAccelerated filer4
  • Legal formLimited Liability Company2
  • LEI254900OGI2T8V1NXN6392
  • StatusActive2
  • LEI statusLapsed (not renewed)2
  • Registered addressc/o Ct Corporation System, 33324 Plantation, United States2
  • Registered withFlorida Division of Corporations, L160001908372

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As previously disclosed in Current Reports on Form 8-K filed by the Company on February 5, 2024 and February 7, 2024 with the SEC, on February 4, 2024, the Company and certain of its direct and indirect subsidiaries (such subsidiaries, together with the Company, the "Debtors") entered into a Restructuring Support Agreement (together with the Restructuring Term Sheet and all other exhibits and schedules attached thereto, the “RSA”) with lenders holding approximately (x) 86% of its secured revolving and term loan debt and (y) 92% of its senior unsecured notes (collectively, the “Consenting Creditors”), which, among other things, sets forth the principal terms of a proposed financial restructuring (the “Restructuring”) of the existing capital structure of the Company in voluntary cases (the “Chapter 11 Cases”) commenced by the Debtors beginning on February 4, 2024 in the U.S. Bankruptcy Cou…6 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2023

-32.0%Operating margin3
-18.9%Net margin3
14.6%Revenue growth, 20233
-$148.3MFree cash flow3

Where the money goes

Where each dollar of revenue went, fiscal 2023

  • Selling, general and admin12¢$362.8M
  • Other costs85¢$2.7B
  • Interest4¢$114.8M
  • Income tax0¢$1.8M

Out of $3.1B in revenue.3 The company lost money this year.

Financial statements

Revenue783$3.1B in 2023+768% since 2019
0$1.0B$2.0B$3.0B$4.0B2019: $361.4M$361.4M20192020: $831.6M$831.6M2020+130%2021: $1.6B$1.6B2021+94%2022: $2.7B$2.7B2022+70%2023: $3.1B$3.1B2023+15%
Operating income783-$1.0B in 2023+10270% since 2019
-$1.5B-$1.0B-$500.0M02019: -$9.7M-$9.7M20192020: -$240.0K-$240.0K2020−98%2021: -$135.2M-$135.2M2021+56228%2022: -$436.8M-$436.8M2022+223%2023: -$1.0B-$1.0B2023+130%
Net income793-$594.4M in 2023+2905% since 2019
-$600.0M-$400.0M-$200.0M02019: -$19.8M-$19.8M20192020: -$28.9M-$28.9M2020+46%2021: -$18.0M-$18.0M2021−38%2022: -$207.3M-$207.3M2022+1050%2023: -$594.4M-$594.4M2023+187%
Fiscal year201820192020202120222023
Revenue$361.4M7$831.6M8$1.6B3$2.7B3$3.1B3
Selling, general and admin$59.1M7$104.0M8$252.1M3$422.4M3$362.8M3
Operating expenses$1.7B3$3.2B3$4.1B3
Operating income-$9.7M7-$240.0K8-$135.2M3-$436.8M3-$1.0B3
Interest$10.2M7$34.0M8$51.3M3$62.5M3$114.8M3
Income before tax-$116.7M3-$426.2M3-$1.1B3
Income tax$07$651.0K8$14.0K3$2.2M3-$1.8M3
Net income-$19.8M7-$28.9M9-$18.0M3-$207.3M3-$594.4M3
Earnings per share-$10.573-$94.573-$215.833
Earnings per share (diluted)-$28.283-$94.573-$242.603
Shares (weighted, basic)1.7M shares32.2M shares32.8M shares3
Shares (weighted, diluted)4.8M shares32.2M shares34.5M shares3

Compare Cano Health, Inc. with another company

Corporate structure

Cano Health, Inc. sits at the top of its group. 49 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Cano Health, Inc.

  • Anchorage Capital Advisors, L.P. Filed SC 13D on Cano Health, Inc., latest Jul 8, 2024
  • Carlyle Group Filed SC 13D on Cano Health, Inc., latest Jul 8, 2024
  • Diameter Capital Partners LP Filed SC 13D on Cano Health, Inc., latest Jul 8, 2024 (4 filings since Feb 14, 2022)
  • Nut Tree Capital Management, LP Filed SC 13D on Cano Health, Inc., latest Jul 8, 2024
  • Squarepoint Ops LLC Filed SC 13D on Cano Health, Inc., latest Jul 8, 2024
  • VANGUARD GROUP INC Filed SC 13G/A on Cano Health, Inc., latest Feb 13, 2024 (3 filings since Feb 9, 2022)
  • Elliot Cooperstone Filed SC 13D/A on Cano Health, Inc., latest Feb 7, 2024 (15 filings since Apr 4, 2023)
  • BlackRock Filed SC 13G on Cano Health, Inc., latest Jan 29, 2024 (6 filings since Feb 8, 2022)
  • Marlow Hernandez Filed SC 13D/A on Cano Health, Inc., latest Dec 21, 2023 (6 filings since May 31, 2022)
  • D. E. SHAW & CO, L.P. Filed SC 13G on Cano Health, Inc., latest Nov 20, 2023
  • Barry S. Sternlicht Filed SC 13D/A on Cano Health, Inc., latest Nov 7, 2023 (11 filings since Mar 31, 2023)
  • Lewis Gold Filed SC 13D/A on Cano Health, Inc., latest Nov 7, 2023 (10 filings since Apr 5, 2023)
  • Cano Health, Inc. Miami, Florida, United States
    • MSP Recovery, Inc. Stake · Miami, Florida
    • ACH Management Services, LLC Subsidiary · Florida, United States
    • American Choice Commercial ACO, LLC Subsidiary · Florida, United States
    • American Choice Healthcare, LLC Subsidiary · Florida, United States
    • Belen Pharmacy Group, LLC Subsidiary · Florida, United States
    • Cano Behavior Health, LLC Subsidiary · Florida, United States
    • Cano Belen, LLC Subsidiary · Florida, United States
    • Cano Health CA1 MSO, LLC Subsidiary · California, United States
    • Cano Health CA1, LLC Subsidiary · California, United States
    • Cano Health Illinois 1 MSO, LLC Subsidiary · Illinois, United States
    • Cano Health Illinois Network, LLC Subsidiary · Illinois, United States
    • Cano Health Nevada Network, LLC Subsidiary · Nevada, United States
    • Cano Health New Mexico, LLC Subsidiary · New Mexico, United States
    • Cano Health New York IPA, LLC Subsidiary · Nevada, United States
    • Cano Health of Florida, LLC Subsidiary · Florida, United States
    • Cano Health of Puerto Rico, LLC Subsidiary · Puerto Rico, United States
    • Cano Health Texas Network, LLC Subsidiary · Texas, United States
    • Cano HP MSO, LLC Subsidiary · Florida, United States
    • Cano Medical Center of West Florida, LLC Subsidiary · Florida, United States
    • Cano Occupational Health, LLC Subsidiary · Florida, United States
    • Cano PCP MSO, LLC Subsidiary · Florida, United States
    • Cano PCP Wound Care, LLC Subsidiary · Florida, United States
    • Cano PCP, LLC Subsidiary · Florida, United States
    • Cano Personal Behavior, LLC Subsidiary · Florida, United States
    • Cano Pharmacy, LLC Subsidiary · Florida, United States
    • and 23 more

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G; stakes of 5% or more it reported on Schedules 13D and 13G (1 companies). Each entity in the chart links to its source.

What it owns

What Cano Health, Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Finance-lease assets$10.6M3 Dec 31, 2023$5.5M3 Dec 31, 2022+94.5%
Operating-lease assets (leased space)$78.5M3 Dec 31, 2023$177.9M3 Dec 31, 2022−55.9%

Investments

ItemLatestA year beforeChange
Equity securities at fair value$18.2M3 Dec 31, 2023$03 Dec 31, 2022

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$03 Dec 31, 2023$480.4M3 Dec 31, 2022−100.0%
Finite-lived intangibles, gross$898.7M3 Dec 31, 2023$922.7M3 Dec 31, 2022−2.6%
Accumulated amortization$205.7M3 Dec 31, 2023$128.9M3 Dec 31, 2022+59.6%
Finite-lived intangibles, net$693.0M3 Dec 31, 2023$793.8M3 Dec 31, 2022−12.7%

Leadership

Who has led Cano Health, Inc., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Joseph L. Dowling Iii.2020–2021
  2. Marlow Hernandez2021–2023
  3. Mark D. Kent2023–2024

President

  1. Marlow Hernandez2021–2022

Chief financial officer

  1. Michael Racich2020
  2. Brian D. Koppy2021–2023
  3. Eladio Gil2023–2024

Chief operating officer

  1. Robert Camerlinck2022–2024
2025
Board members and other officers (19)

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • ACH Management Services, LLC Florida, U.S.5
  • American Choice Commercial ACO, LLC Florida, U.S.5
  • American Choice Healthcare, LLC Florida, U.S.5
  • Belen Pharmacy Group, LLC Florida, U.S.5
  • CH Dental Administrative Services, LLC Florida, U.S.5
  • CHPR MSO, LLC Puerto Rico, U.S.5
  • Cano Behavior Health, LLC Florida, U.S.5
  • Cano Belen, LLC Florida, U.S.5
  • Cano HP MSO, LLC Florida, U.S.5
  • Cano Health CA1 MSO, LLC California, U.S.5
  • Cano Health CA1, LLC California, U.S.5
  • Cano Health Illinois 1 MSO, LLC Illinois, U.S.5
  • Cano Health Illinois Network, LLC Illinois, U.S.5
  • Cano Health Nevada Network, LLC Nevada, U.S.5
  • Cano Health New Mexico, LLC New Mexico, U.S.5
  • Cano Health New York IPA, LLC Nevada, U.S.5
  • Cano Health Texas Network, LLC Texas, U.S.5
  • Cano Health of Florida, LLC Florida, U.S.5
  • Cano Health of Puerto Rico, LLC Puerto Rico, U.S.5
  • Cano Health, LLC Florida, U.S.5
  • Cano Medical Center of West Florida, LLC Florida, U.S.5
  • Cano Occupational Health, LLC Florida, U.S.5
  • Cano PCP MSO, LLC Florida, U.S.5
  • Cano PCP Wound Care, LLC Florida, U.S.5
All 48 listed subsidiaries
  • Cano PCP, LLC Florida, U.S.5
  • Cano Personal Behavior, LLC Florida, U.S.5
  • Cano Pharmacy, LLC Florida, U.S.5
  • Cano Research, LLC Florida, U.S.5
  • Clinical Research of Hollywood, PA Florida, U.S.5
  • Comfort Pharmacy 2, LLC Florida, U.S.5
  • Complete Medical Billing and Coding Services, LLC Florida, U.S.5
  • DGM MSO, LLC Florida, U.S.5
  • IFB Pharmacy, LLC Florida, U.S.5
  • Orange Accountable Care Organization of South Florida, LLC Florida, U.S.5
  • Orange Accountable Care Organization, LLC Florida, U.S.5
  • Orange Care Group South FL MSO Florida, U.S.5
  • Orange Care IPA of New Jersey, LLC Florida, U.S.5
  • Orange Care IPA of New York, LLC Florida, U.S.5
  • Orange Care Management Services Organization, LLC Florida, U.S.5
  • Orange Healthcare Administration, LLC Florida, U.S.5
  • PPG Puerto Rico Blocker, Inc. Delaware, U.S.5
  • Physicians Partners Group Merger, LLC Florida, U.S.5
  • Physicians Partners Group Puerto Rico, LLC Puerto Rico, U.S.5
  • Physicians Partners Group of FL, LLC Florida, U.S.5
  • Primary Care (ITC) Intermediate Holdings, LLC Delaware, U.S.5
  • Solis Network Solutions, LLC Florida, U.S.5
  • Total Care ACO, LLC Delaware, U.S.5
  • University Healthcare Pharmacy, LLC Florida, U.S.5

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Former names

  • Jaws Acquisition Corp.Feb 5, 2020 to Jun 4, 20214

Timeline

  1. Jul 1, 20248-K Entered a material agreement; Ended a material agreement; Bankruptcy or receivership39
  2. Jun 28, 20248-K Regulation FD disclosure40
  3. Jun 21, 20248-K Regulation FD disclosure41
  4. Jun 17, 20248-K Regulation FD disclosure42
  5. Jun 4, 20248-K Other events43
  6. May 22, 20248-K Regulation FD disclosure44
  7. May 21, 20248-K Regulation FD disclosure45
  8. May 17, 20248-K Regulation FD disclosure46
  9. May 7, 20248-K Regulation FD disclosure47
  10. May 2, 20248-K Other events48
  11. Apr 22, 20248-K Regulation FD disclosure49
  12. Apr 11, 20248-K Other events50
  13. Jun 23, 2023New chief executive Mark D. Kent becomes CEO14
  14. Aug 18, 2021New chief executive Marlow Hernandez becomes CEO15
  15. May 13, 2020New chief executive Joseph L. Dowling Iii. becomes CEO16
  16. Oct 17, 2016Founded Cano Health, Inc. is founded2

Calendar

When it reported results

  1. Nov 9, 2023Reported quarterly or annual results51
  2. Nov 9, 2023Reported quarterly or annual results52
  3. Aug 10, 2023Reported quarterly or annual results53
  4. May 9, 2023Reported quarterly or annual results54
  5. Mar 1, 2023Reported quarterly or annual results55
  6. Nov 9, 2022Reported quarterly or annual results56
  7. Aug 9, 2022Reported quarterly or annual results57
  8. May 9, 2022Reported quarterly or annual results58

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

385 filings to the SEC since October 2021: 4 annual reports, 8 quarterly reports, 60 major events, 117 insider forms, 78 large holders, 118 other. The latest 20:

  1. Jul 12, 20243/A EDGAR
  2. Jul 8, 2024SC 13D EDGAR
  3. Jul 8, 2024SC 13D EDGAR
  4. Jul 8, 2024SC 13D EDGAR
  5. Jul 8, 2024SC 13D EDGAR
  6. Jul 8, 2024SC 13D EDGAR
  7. Jul 8, 20243 EDGAR
  8. Jul 8, 20243 EDGAR
  9. Jul 8, 20243 EDGAR
  10. Jul 8, 20243 EDGAR
  11. Jul 8, 20243 EDGAR
  12. Jul 2, 20244 EDGAR
  13. Jul 2, 20244 EDGAR
  14. Jul 2, 20244 EDGAR
  15. Jul 2, 20244 EDGAR
  16. Jul 2, 20244 EDGAR
  17. Jul 2, 20244 EDGAR
  18. Jul 2, 20244 EDGAR
  19. Jul 2, 20244 EDGAR
  20. Jul 2, 20244 EDGAR

The 385 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

40 open-market trades by officers, directors and large owners since October 2021: 5 buys and 35 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Feb 1, 2024Cooperstone Elliot10% ownerSale1,100$2.53$2.8KForm 4
Jan 31, 2024Cooperstone Elliot10% ownerSale8,935$2.59$23.1KForm 4
Jan 30, 2024Cooperstone Elliot10% ownerSale12,703$2.70$34.3KForm 4
Jan 29, 2024ITC Rumba, LLC10% ownerSale41,357$2.74$113.3KForm 4
Jan 26, 2024ITC Rumba, LLC10% ownerSale32,693$2.74$89.6KForm 4
Jan 25, 2024ITC Rumba, LLC10% ownerSale18,569$2.58$47.9KForm 4
Jan 24, 2024ITC Rumba, LLC10% ownerSale35,808$2.84$101.7KForm 4
Jan 23, 2024ITC Rumba, LLC10% ownerSale73,034$2.94$214.7KForm 4
Jan 22, 2024ITC Rumba, LLC10% ownerSale125,000$2.50$312.5KForm 4
Jan 18, 2024ITC Rumba, LLC10% ownerSale100,000$1.91$191.0KForm 4
Jan 17, 2024ITC Rumba, LLC10% ownerSale100,000$2.32$231.8KForm 4
Jan 12, 2024Cooperstone Elliot10% ownerSale24,171$3.30$79.8KForm 4
Jan 11, 2024Cooperstone Elliot10% ownerSale25,000$3.59$89.8KForm 4
Jan 10, 2024Cooperstone Elliot10% ownerSale25,000$3.73$93.2KForm 4
Jan 9, 2024Cooperstone Elliot10% ownerSale25,000$3.75$93.8KForm 4
Jan 8, 2024Cooperstone Elliot10% ownerSale25,000$3.82$95.5KForm 4
Jan 5, 2024Cooperstone Elliot10% ownerSale25,000$3.85$96.2KForm 4
Jan 4, 2024Cooperstone Elliot10% ownerSale13,328$4.00$53.3KForm 4
Jan 3, 2024Cooperstone Elliot10% ownerSale75,000$4.36$326.8KForm 4
Jan 2, 2024Cooperstone Elliot10% ownerSale43,505$5.42$235.8KForm 4

All 40 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Stakes it holds

Cano Health, Inc. has told the SEC it owns more than 5% of 1 company, latest first (Schedules 13D and 13G).

SEC filer profile

How Cano Health, Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARCano Health, Inc.1
  • CIK0001800682
  • Filer statusAccelerated filer1
  • Incorporated inDelaware1
  • Fiscal year endsDecember 311
  • Industry code (SIC)8011 Services-Offices & Clinics of Doctors of Medicine1
  • SEC reviewing officeOffice of Industrial Applications and Services, Division of Corporation Finance1
  • Business address9725 Nw 117Th Avenue, Suite 200, Miami, FL 331781
  • Phone20342277001
  • Public float$339.3M as of Jun 30, 20233
  • On EDGAR sinceFeb 5, 20201
  • Filings561 in all: 4 (144), 8-K (78), SC 13D/A (56), 3 (31), 424B3 (23), SC 13G/A (21), SC 13G (20), EFFECT (18)1
    All 49 form types

    CORRESP (16), UPLOAD (16), SC 13D (13), 10-Q (12), DEFA14A (12), DFAN14A (10), POS AM (10), 144 (9), 425 (9), S-1/A (5), 10-K (4), S-3 (4), 25-NSE (3), 4/A (3), DEF 14A (3), NT 10-K (3), NT 10-Q (3), S-1 (3), S-4/A (3), 10-K/A (2), 8-A12B (2), PRE 14A (2), PRER14A (2), S-3/A (2), S-8 (2), S-8 POS (2), 11-K (1), 15-12G (1), 3/A (1), 424B4 (1), 5 (1), 8-K/A (1), ARS (1), CERT (1), DEFC14A (1), DRS (1), NT 11-K (1), PREC14A (1), PRRN14A (1), S-1MEF (1), S-4 (1)

  • Latest filingsAnnual report (10-K) Apr 1, 2024
    Quarterly report (10-Q) May 10, 2024
    Proxy statement (DEF 14A) Oct 16, 2023
    Latest 8-K (8-K) Jul 1, 2024

Sources

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    SEC EDGAROther events
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