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Cano Health Provides First Quarter 2021 Business Update
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MIAMI, June 9, 2021 /PRNewswire/ Cano Health, Inc. (NYSE: CANO), a leading value-based primary care provider for seniors and underserved communities, today announced business and financial results for the first quarter ended March 31, 2021, prior to the closing on June 3, 2021 of the recent business combination between Cano Health and Jaws Acquisition Corp.
First Quarter 2021 Financial Results
$280.1 million total revenue, up 107% from the prior-year period
116,895 members, a 91% increase from the prior-year period. Organic membership increased 43% from the prior-year period
Net loss of $10.5 million
$22.8 million Adjusted EBITDA, up 77% from the prior-year period. Adjusted EBITDA margin of 8.1% compared to 9.5% in the prior-year period
/PRNewswire/ Cano Health, Inc. ("Cano Health," the "Company," "we," "our" or "us"), a leading value-based primary care provider for seniors and underserved.
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