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Announced

Completed

Cano Health completed the acquisition of Doctor's Medical Center for $300m.

Financials

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Transaction Value£215m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Health Care Facilities

Acquisition

Domestic

Single Bidder

Friendly

Completed

healthcare

medical center

Majority

Private

United States

Synopsis

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Cano Health, a value-based primary care provider for seniors and underserved communities, completed the acquisition of Doctor's Medical Center, a non-profit health organization, for $300m. "Cano Health is on a mission to become America's Primary Care, and today's acquisition brings us one step closer to that important goal. The DMC team has served the South Florida region for nearly 25 years, evolving its clinical platform to meet the diverse care needs of the community. With DMC as part of the Cano Health family, we are bringing our care model to more patients and acquiring important footprint and infrastructure to further improve the clinical outcomes of underserved patients," Marlow Hernandez, Cano Health CEO.

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