Humana, CVS Circle Cano Health as Potential Buyers

Humana and CVS Health are circling Cano Health according to people familiar with the situation, as healthcare heavyweights race to get their hands on primary care providers.

Talks are serious and a deal to buy Cano could be struck in the coming weeks, assuming the negotiations don’t fall apart, some people said. Cano shares, which had fallen nearly 7%, turned positive and closed 32% after The Wall Street Journal reported on talks with Humana and other unnamed parties, giving the company a market cap of about $4 billion.

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