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Why Cano Health Stock Is Crashing Today

Why Cano Health Stock Is Crashing Today

The steep sell-off came after the primary care provider and population health company provided its second-quarter update following the market close on Thursday. In that update, Cano Health stated that its management team "has concluded that there is substantial doubt about the company's ability to continue as a going concern within one year." Cano Health announced that it will try to sell the company.