Sternlicht-Backed Cano Health to Acquire University Health
- Acquisition would follow Cano Health’s SPAC listing this month
- Company aims to build biggest U.S. primary care group
Photographer: Andrew Harrer/Bloomberg
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Cano Health Inc., a medical provider backed by billionaire Barry Sternlicht, announced it would buy Miami-based University Health Care for $600 million, according to a statement on Monday.
The transaction includes $540 million in cash and $60 million in equity, the statement showed, which confirmed an earlier Bloomberg News report.