- Cano Health ( NYSE: CANO ) jumped 16% in the morning hours Wednesday amid speculation that the operator of primary care medical services could be a potential acquisition target of health insurer Humana ( HUM ).
- According to Deal Reporter, an acquisition of Cano ( CANO ) could be “a more readily accessible option” for Humana ( HUM ) as the latter has a right of first refusal in a transaction worth 20% of CANO’s revenue or income.
- The report comes a day after Bloomberg reported that 1Life Healthcare ( ONEM ), an operator of the One Medical primary care platform, was considering strategic alternatives after gaining takeover interest from buyers.
- According to the report, CVS Health ( CVS ) had also approached 1Life ( ONEM ) for an offer. However, the discussions with the pharmacy retailer have ended while the interest from other bidders remained.
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Cano Health adds 16% amid potential takeover interest from Humana