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Cano Health Announces Financial Results for the Third Quarter 2022
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Cano Health Announces Financial Results for the Third Quarter 2022

MIAMI, Nov. 9, 2022 /PRNewswire/ -- Cano Health, Inc. ("Cano Health" or the "Company") (NYSE: CANO), a leading value-based primary care provider and population health company, today announced financial results for the third quarter ended September 30, 2022. Third Quarter Financial Results Total membership of 294,596, including 168,346 Medicare capitated members, an increase of 40% year-over-year for both Total revenue of $665.0 million, an increase of 33% year-over-year Net loss of $(112.0) million, unfavorably impacted by a $65.7 million fair value adjustment of warrant liabilities Adjusted EBITDA1 of $42.5 million, compared to $13.6 million in the third quarter of 2021, an increase of 211% year over year The Company continues to demonstrate financial and operational improvement yea...