Cano Health, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 10, 2023 at 04:37 pm EDT
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Cano Health, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported revenue was USD 766.75 million compared to USD 689.37 million a year ago. Net loss was USD 140.75 million compared to USD 5.33 million a year ago. Basic loss per share from continuing operations was USD 51 compared to USD 3 a year ago. Diluted loss per share from continuing operations was USD 51 compared to USD 3 a year ago.
For the six months, revenue was USD 1,633.66 million compared to USD 1,393.52 million a year ago. Net loss was USD 168.9 million compared to USD 4.67 million a year ago. Basic loss per share from continuing operations was USD 66 compared to USD 2 a year ago. Diluted loss per share from continuing operations was USD 66 compared to USD 3 a year ago.
Cano Health, Inc. is a technology-based healthcare company delivering personalized, value-based primary care services. The Company delivers primary care that measurably improves the health, wellness, and quality of life of its patients and the communities it serves through its primary care medical centers and supporting affiliated providers. It operates primary care centers and supports affiliated medical practices in Florida, Texas, Nevada, and Puerto Rico that specialize in value-based care for seniors. It offers integrated virtual care, wellness services, ancillary services (such as physiotherapy), home services, transportation, telemedicine and 24/7 urgency line services. It provides population health management programs such as wellness activities, pharmacy services, home visits, telehealth, transition of care, and high-risk and complex care management. Its wellness services include dominoes/board games, education courses, laughter yoga, music and dancing and others.
CANO HEALTH, INC. 
