Cano Health, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 09, 2023 at 04:31 pm EST
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Cano Health, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported revenue was USD 788.07 million compared to USD 665.03 million a year ago. Net loss was USD 260.49 million compared to USD 54.23 million a year ago. Basic loss per share from continuing operations was USD 91.87 compared to USD 23.34 a year ago. Diluted loss per share from continuing operations was USD 91.87 compared to USD 23.34 a year ago.
For the nine months, revenue was USD 2,421.73 million compared to USD 2,058.54 million a year ago. Net loss was USD 429.39 million compared to USD 58.9 million a year ago. Basic loss per share from continuing operations was USD 161.33 compared to USD 27.86 a year ago. Diluted loss per share from continuing operations was USD 161.33 compared to USD 27.86 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. 
