Cano Health LLC To Go Public Through SPAC Jaws Acquisition Corp.

Matty-Sways

Real estate investor Barry Sternlicht's SPAC to merge with Cano Health LLC in a deal worth $4.4 billion and list on NYSE

Last week, Cano Health LLC announced it will go public through a merger with real estate investor Barry Sternlicht''s Jaws Acquisition Corp in a deal worth $4.4 billion deal, including debt. Jaws Acquisition Corp was listed on the New York Stock Exchange in May.

Cano Health will receive an investment of $800 million from investors including Sternlicht as well as funds related to and managed by Fidelity Management, BlackRock, Third Point and Maverick Capital.

Founded in 2009, Cano Health runs a healthcare platform for 103,000 seniors, with more than 500 primary care physicians across 14 markets in Florida, Texas, Nevada and Puerto Rico.

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Economics, Finance and Investing

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