---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-247562"
form_type: "8-K"
ticker: null
cik: "0001800682"
company_name: "Cano Health, Inc."
filed_at: "2023-09-29T23:59:59+00:00"
generated_at: "2026-06-10T07:01:23.625217+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Cano Health sells Texas/Nevada senior primary care centers to Humana's CenterWell for ~$66.7M

## Summary
- Total value ~$66.7M: $35.4M cash at close (net of $1.9M holdback) plus liability releases.
- Net proceeds used to repay revolver; Q3 2023 financial maintenance covenant waived.
- Agreement includes non-compete and non-solicit in Texas/Nevada; TSA up to 6 months + extensions.
- Pro forma shows removal of centers' ops: six-month 2023 net loss per share improves from $(0.66) to $(0.62).
- Centers contributed ~$41.2M revenue in H1 2023 and ~$63M in FY 2022.

## SEC filing metadata
- accession: 0001193125-23-247562
- form_type: 8-K
- cik: 0001800682
- company_name: Cano Health, Inc.
- filed_at: 2023-09-29T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1800682/000119312523247562/0001193125-23-247562-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1800682/000119312523247562/d538362d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-247562
- JSON: https://secwatch.observer/filing/0001193125-23-247562.json
- Plain text: https://secwatch.observer/filing/0001193125-23-247562.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. (CenterWell) for approximately $66.7 million (closed 2023-09-25).
  - Action: disposition
  - Counterparty: Primary Care Holdings II, LLC, a wholly owned subsidiary of Humana Inc. (CenterWell)
  - Consideration: approximately $66.7 million
  - Closing: 2023-09-25
  source text: care centers in Texas and Nevada (such centers, the “Centers,” and such transaction, the “Transaction”). The total value of the Transaction to Cano Health was 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/1800682/000119312523247562/0001193125-23-247562-index.htm

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