Cano health announces financial results for the fourth quarter and full year 2021

Increases 2022 guidance for membership, total revenue and adjusted ebitda  miami, march 14, 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 fourth quarter and full year ended december 31, 2021. financial results and recent highlights fourth quarter results total membership of 227,005, including 125,999 medicare capitated members, an increase of 115% and 69%, respectively year-over-year total revenue of $492.3 million, an increase of 90% year-over-year net loss of $0.5 million, benefiting from a $58.3 million fair value adjustment to warrant liabilities adjusted ebitda(1) of $11.1 million, compared to $18.1 million for the fourth quarter of 2020 full year results  total revenue of $1.6 billion, an increase of 94% year-over-year full year net loss of $116.7 million, benefiting from an $82.9 million fair value adjustment to warrant liabilities full year adjusted ebitda(1) of $27.3 million, compared to $72.8 million for the year ended december 31, 2020 as of march 11, 2022, the company had approximately 200 million shares of class a common stock and 284 million shares of class b common stock issued and outstanding.
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