ContractAsset Purchase Agreement • September 29th, 2023 • Cano Health, Inc. • Services-offices & clinics of doctors of medicine
On September 25, 2023, Cano Health, LLC (“Cano Health”), a wholly-owned subsidiary of Cano Health, Inc. (the “Company”), entered into an Asset Purchase Agreement (the “Agreement”) with Primary Care Holdings II, LLC, a wholly owned subsidiary of Humana Inc. (“CenterWell”), Cano Health Texas, PLLC and Cano Health Nevada, PLLC (together with Cano Health, the “Sellers” and each, a “Seller”), and, for the limited purposes provided therein, the Company. Pursuant to the terms of the Agreement, CenterWell acquired from the Sellers substantially all of the assets associated with the operation of Cano Health’s senior-focused primary care centers in Texas and Nevada (such centers, the “Centers,” and such transaction, the “Transaction”). The Transaction is considered a significant disposition for purposes of Item 2.01 of Form 8-K.
ASSET PURCHASE AGREEMENT AMONG PRIMARY CARE HOLDINGS II, LLC CANO HEALTH, LLC, THE RELATED CONSOLIDATED ENTITIES, AND (SOLELY FOR THE LIMITED PURPOSES SET FORTH HEREIN) CANO HEALTH, INC. September 25, 2023Asset Purchase Agreement • September 29th, 2023 • Cano Health, Inc. • Services-offices & clinics of doctors of medicine • Delaware
This Asset Purchase Agreement (the “Agreement”) is made and entered into as of the 25th day of September, 2023, by and among Primary Care Holdings II, LLC, a Delaware limited liability company (“Buyer”), Cano Health, LLC, a Florida limited liability company (the “Company”), each of the Related Consolidated Entities (as defined herein) (together with the Company, the “Sellers” and each, a “Seller”), and, solely for purposes of Sections 7.3 and 8.17 of this Agreement, Cano Health, Inc., a Delaware corporation (“Parent”).
