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Humana, CVS Circle Cano Health as Potential Buyers - WSJ - The Wall Street Journal

Humana has a right of first refusal on any Cano sale, part of an agreement that was originally struck in 2019.Photo: Luke Sharrett/Bloomberg News

Updated Sept. 22, 2022 5:45 pm ET

Humana and CVS Health are circling Cano Health according to people familiar with the situation, as healthcare heavyweights scramble to snap up primary-care providers.

The talks are serious and a deal to purchase Cano could be struck in the next several weeks, assuming the negotiations don’t fall apart, some of the people said. Cano shares, which had been down nearly 7%, turned positive and closed up 32% after The Wall Street Journal reported on the talks with Humana and other unnamed parties, giving the company a market value of roughly $4 billion.

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