Cano health announces financial results for the second quarter 2021
Miami, aug. 12, 2021 /prnewswire/ -- cano health, inc. ("cano health" or the "company") (nyse: cano), a leading value-based primary care provider for seniors and underserved communities, today announced financial results for the second quarter and six months ended june 30, 2021. second quarter highlights: total membership of 156,038 including medicare capitated members of 111,866, an increase of 57% and 54%, respectively, year-over-year total revenue of $393.2 million, an increase of 130% year-over-year net income of $4.9 million adjusted ebitda of $24.8 million, an increase of 53% year-over year on april 1, 2021, began providing services for approximately 8,100 medicare beneficiaries as a direct contracting entity (dce) for the centers for medicare & medicaid services (cms) cano health shares began trading on the nyse on june 4, 2021 on june 11, 2021, completed the acquisition of university health care and its affiliates ("university") for approximately $600 million ($540 million in cash and $60 million in equity).
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