Holland & Knight Advises University Health Care on $600 Million Sale to Cano Health
MIAMI (June 14, 2021) – Holland & Knight advised University Health Care in its $600 million sale to Cano Health, Inc. (NYSE: CANO), a leading value-based primary care provider for seniors and underserved communities. The deal to purchase University and its affiliates was announced by Cano Health on June 14.
Miami-based Cano Health operates value-based primary care centers and supports affiliated medical practices that specialize in primary care for seniors in Florida, Texas, Nevada and Puerto Rico, with additional markets in development. With this combination, Cano Health expects to continue to grow by serving its combined approximately 143,000 members in 88 medical centers, with more than 1,000 staff and affiliate providers across the country.
University and its affiliates, which are also based in Miami, have a 25-year history of providing comprehensive, dependable primary care to communities in South Florida. University will benefit from Cano Health's proprietary population health management platform (CanoPanorama), which leverages Cano Health's high quality operational and clinical care services to improve health outcomes for University patients.
Holland & Knight Partners David Barkus and Jordan Schneider and Associates Kyle Gaughan and Nick Dilts led the firm's representation of University. They were assisted by Partners Victor Moldovan, Bill Sherman, John Dierking and John Martini, Senior Counsel Brian Looby, and Associates Nicole Martini, Daniel Janovitz and Eli Gordon.
More information about the transaction can be found here.