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Onsite Dental has acquired Dental Excellence Partners, enhancing its stature as a leading value-based dental organization. This acquisition impacts over one million eligible patients across 14 states, focusing primarily on Medicare and Medicaid services. In collaboration with Cano Health (NYSE: CANO), the partnership aims to integrate dental and primary care, promoting preventative health measures and improving patient outcomes. This strategic alliance leverages Cano Health's medical centers, allowing for a more comprehensive approach to healthcare.
Agua Media launches a podcast network targeting the New American Mainstream, primarily focusing on young English-speaking Latinos. This demographic, if considered a standalone nation, would rank seventh worldwide in GDP and is noted for its entrepreneurial growth. Cofounded by Sol Trujillo and Rick Sanchez, Agua Media aims to produce content that resonates with this community, which has a combined economic output of $2.7 trillion annually. Strategic partnerships with Workhouse Media and L’Attitude Inc. will enhance its market presence and content delivery.
Cano Health, Inc. (NYSE: CANO) announced strong financial results for Q4 2021, reporting total revenue of $492.3 million, a 90% increase year-over-year. The total membership reached 227,005, including 125,999 Medicare members, a rise of 115% and 69% respectively. However, the company recorded a net loss of $0.5 million. For 2022, Cano Health raised its guidance, anticipating revenue between $2.8 billion and $2.9 billion and adjusted EBITDA of $230 million to $240 million. The company aims to expand its clinical capacity, expecting to operate 184-189 medical centers by year-end.
Cano Health, Inc. (NYSE: CANO) will host a conference call today at 5:00 PM ET to discuss its fourth quarter and full year financial results for 2021. A press release will precede the call. Participants can join via phone at (844) 684-0650 for U.S. callers or (343) 761-2594 for international participants, referencing Conference ID 5979721. A replay will be available shortly after the call on the Cano Health website. Cano Health is a technology-driven healthcare company providing value-based primary care to over 250,000 members across eight states and Puerto Rico.
Cano Health has announced a delay in releasing its fourth quarter and full year 2021 earnings, along with its 2022 guidance updates, originally scheduled for February 28, 2022. The company will file a Form 12b-25 by March 2, 2022, allowing a 15-day extension to file its Form 10-K. The delay is due to potential non-cash adjustments related to Medicare Risk Adjustments which affect revenue recognition timing but not cash operations. Despite this, Cano Health reported a robust 115% year-over-year membership growth and anticipates increased guidance for 2022.
Cano Health, a value-based primary care provider, announced a conference call on February 28, 2022, at 8:30 AM ET, to discuss its fourth-quarter and full-year financial results for 2021, which ended on December 31, 2021. A press release detailing these results will be available earlier that morning. Investors can join the call by dialing (844) 684-0650 or (343) 761-2594 for international participants, referencing Conference ID 6844449. Cano Health will also participate in upcoming investor conferences on February 24 and March 8.
InTandem Capital Partners has announced the closing of its InTandem Capital Opportunities Fund, LP, successfully raising $225 million. The fund, significantly oversubscribed, will provide expansion capital to existing portfolio companies and future investments. This brings InTandem's total fundraising since its inaugural fund in 2017 to $225 million and $250 million as of June 2019. The firm's growth strategy includes supporting innovative healthcare service companies like org value="NYSE:CANO"Cano Health.
Cano Health, LLC, a subsidiary of Cano Health, Inc. (NYSE: CANO), has successfully repriced its senior secured Term Loan B, totaling $644.4 million, which matures on November 23, 2027. The repricing reduced the interest rate by 0.75%, now set at Term SOFR plus a 4.00% credit spread adjustment, instead of the previous LIBOR plus 4.50%. This financial maneuver aims to enhance the company's capital management and support its ongoing operations across multiple states, including Florida and Texas.
Cano Health, Inc. (NYSE: CANO) announced a significant increase in total membership, reaching 253,000 as of January 1, 2022, a 114% rise year-over-year. The growth was attributed to organic additions, reflecting successful enrollment strategies in Medicare Advantage and DCE programs. By December 31, 2021, Cano's membership reached 227,000, surpassing prior guidance. The company emphasizes its commitment to value-based primary care for seniors, indicating a strong market position and future growth potential. Financial results for Q4 2021 will be announced soon.
Cano Health, a leading value-based primary care provider, announced its participation in the 40th Annual J.P. Morgan Healthcare Conference on January 11, 2022. Dr. Marlow Hernandez, Chairman and CEO, will deliver a virtual presentation at 10:30 a.m. Eastern Time. A live webcast will be available on Cano Health's Investor Relations website, later archived for replay. The company operates medical centers mainly for seniors in various states, focusing on personalized care and wellness programs, aiming to improve clinical outcomes while lowering costs.