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