- Cano Health ( NYSE: CANO ) soared 15 % amid reports that the home health service provider Signify Health ( NYSE: SGFY ) plans to conduct a board meeting to evaluate multiple buyout offers.
- The bidders for Signify Health ( SGFY ) include tech giant Amazon ( AMZN ), health insurers UnitedHealth ( UNH ), CVS Health ( CVS ), and home healthcare provider Option Care Health Inc. ( OPCH ). A winner could be announced as early as this week, Bloomberg reported Sunday evening, adding that UNH has placed the highest bid of more than $30 per share .
- Cano Health ( CANO ) is spiking on speculation it could be another takeout candidate after Signify Health ( SGFY ), especially after Amazon ( AMZN ) agreed to buy One Medical ( ONEM ) for in a $3.9 billion deal last month. Dealreporter mentioned CANO in an item on Monday morning relating to the Signify Health speculation.
- Cano Health ( CANO ) shares climbed 11% on Wednesday amid vague deal speculation following a Dealreporter item. The story speculated that companies like Cano Health ( CANO ) and Oak Street Health ( OSH ) could be potential targets as their shares have suffered and potential acquires may be major insurance companies like Humana ( HUM ), UNH and CVS.
- CANO has short interest of 10%.
- The latest speculation comes after Cano Health, whose shares have plunged 46% YTD, surged 43% on March 9 after activist investor Daniel Loeb's Third Point hedge fund said CANO should explore strategic alternatives, i ncluding a potential sale.
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Cano Health jumps 15% amid Signify Health deal speculation