---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-242059"
form_type: "8-K"
ticker: null
cik: "0001800682"
company_name: "Cano Health, Inc."
filed_at: "2023-09-26T23:59:59+00:00"
generated_at: "2026-06-10T08:48:16.059980+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Cano Health sells Texas & Nevada primary care centers to CenterWell for ~$66.7M

## Summary
- Total consideration ~$66.7M: $35.4M cash at closing plus liability release.
- Centers served ~15,200 members as of Aug 1, 2023.
- Net proceeds to repay portion of Credit Suisse revolver, ensuring covenant compliance for Q3 2023.
- Cano Health expects ~$109M unrestricted cash; plans $80M repayment of $120M revolver.
- CEO states sale supports strategy to focus on Florida market and improve operations.

## SEC filing metadata
- accession: 0001193125-23-242059
- form_type: 8-K
- cik: 0001800682
- company_name: Cano Health, Inc.
- filed_at: 2023-09-26T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 7.01, 2.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1800682/000119312523242059/0001193125-23-242059-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1800682/000119312523242059/d420787d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-242059
- JSON: https://secwatch.observer/filing/0001193125-23-242059.json
- Plain text: https://secwatch.observer/filing/0001193125-23-242059.txt

## Key facts
- M&A Transactions
  Cano Health, Inc. completed a disposition involving Primary Care Holdings II, LLC (a wholly owned subsidiary of Humana Inc., doing business as CenterWell Senior Primary Care) for approximately $66.7 million.
  - Action: disposition
  - Counterparty: Primary Care Holdings II, LLC (a wholly owned subsidiary of Humana Inc., doing business as CenterWell Senior Primary Care)
  - Consideration: approximately $66.7 million
  source text: the operation of Cano Health’s senior-focused primary care centers in Texas and Nevada (the “Transaction”). The total value of the Transaction to Cano Health is approximately $66.7 million, consisting of approximately $35.4 million in cash paid at closing (of which approximately $1.9 million was withheld for satisfaction of potential indemnification claims), plus
  evidence_url: https://www.sec.gov/Archives/edgar/data/1800682/000119312523242059/0001193125-23-242059-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.