Cano Health Attracts Another Activist

August 24, 2022

Jeffrey Altman’s Owl Creek Asset Management disclosed a 3.7% stake in Cano Health, calling for the Miami-based primary care company to hire banks to explore a sale to a strategic buyer, Axios reports. In the wake of Amazon’s $3.9 billion buyout of One Medical, CVS reiterating its primary care ambitions, and a host of buyers circling Signify Health, value-based care players like Cano are increasingly finding themselves in the crosshairs. Read more.

Physician Venture Investor Talks Telehealth, Digital Therapeutics, Medicaid Tech

Dr. Justin Norden, a partner at GSR Ventures, discusses digital health investment trends and where he sees funding trending in 2022 and beyond.

March 21, 2022

Wellstar to Close 2nd Hospital in 6 Months

Marietta, Ga.-based Wellstar has operated the 460-bed hospital in downtown Atlanta since 2016 and invested more than $350 million in capital improvements and to support sustained operating losses, including $107 million lost in the last 12 months.

September 1, 2022

Texas Medical Association Files Another Lawsuit Against No Surprises Act

The lawsuit challenges certain portions of implementation of the July 2021 interim final rule. Specifically, the TMA and Tyler Regional Hospital allege that the rules "artificially deflate" the Qualifying Payment Amount, an insurer-calculated amount used in arbitration when deciding the appropriate out-of-network rate presented by physicians and insurers.

December 1, 2022

California Hospital Shutting Down Next Week

Earlier this month, California Attorney General Rob Bonta conditionally approved the sale of Madera Community Hospital to Trinity Health, but the deal fell through.

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Cano Health Attracts Another Activist

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