Cano Health, a provider of basic healthcare, may be bought by the industry leader in health solutions, CVS Health, according to reports.
Bloomberg said that despite the fact that health insurance firm Humana has the right of first refusal should it try to complete a deal, CVS is doing its due diligence and is in talks with Cano.
A spokesperson who responded to an email said CVS Health declined to comment on the allegations. has asked Cano Health for a response.
The Wall Street Journal said on September 22 that Humana may be considering buying Cano Health as is the case with CVS Health.
Cano’s primary care centers are located in eight different states, including California, Florida, Nevada, New Mexico, Texas, Illinois, New York, and New Jersey, as well as Puerto Rico. Its responsibilities include serving Medicare Advantage enrollees in substantial measure.
The most current data was made public approximately a month after CVS Health announced that it had successfully completed its $8 billion acquisition of the platform for value-based healthcare solutions Signify Health. Health plans, companies, physician groups, and healthcare systems may get in-home care through Signify Health using analytics and technology.
