Cano Health Announces the Formation of its Board of Directors
Newly-formed Board of Directors comprised of a diverse bench of experts to drive Company s growth
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MIAMI, March 15, 2021 /PRNewswire/ Cano Health (the Company ), a leading value-based primary care delivery platform for seniors, today announced the formation of its Board of Directors, consisting of seasoned professionals from across the health care, technology and financial sectors.
Upon the closing of the business combination with Jaws Acquisition Corp. (NYSE: JWS), the members of the Board of Directors will include Dr. Marlow Hernandez, Founder and CEO of Cano Health, alongside Elliot Cooperstone, Dr. Lewis Gold, Jacqueline Guichelaar, Angel Morales, Dr. Alan Muney, Kim Rivera, Barry Sternlicht, and Solomon Trujillo. Dr. Marlow Hernandez will serve as Chairman of the Board.
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Switching from antiretroviral therapy (ART) containing tenofovir disoproxil fumarate (TDF) to ART containing tenofovir alafenamide (TAF) is associated with increased risk for significant weight increases, obesity, and rising blood lipid levels in people living with HIV. In contrast to most previous studies that were performed among treatment-naive patients, the changes in weight in the present study could not be attributed to better health due to starting HIV treatment as the patients studied were already taking ART with TDF for 6 months or longer. These findings from a cohort study are published in
Annals of Internal Medicine.
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Today, changing practice dynamics place greater focus on the business aspects of medicine, the authors wrote. Although employment or consolidation within larger organizations may not be problematic per se, physicians, regardless of practice setting, should challenge business concerns that are placed above the best interests of patients.
Due to financial strain from the COVID-19 crisis, changing dynamics may include an uptick in the already increasing number of physician practices being acquired by private equity firms, according to the paper. Private equity firms typically take a large stake in the practice, invest in it to increase market share and revenue, take actions to decrease costs, and sell the practice within a few years to generate returns for investors. Those buyers include other private equity firms, large corporations, the public via an initial public offering, and insurance companies.
Cano Health Announces the Formation of its Board of Directors apnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from apnews.com Daily Mail and Mail on Sunday newspapers.