Florida Health Care Company Files for Bankruptcy, Potentially Faces Eviction Lawsuits in the State

In Florida, there were around 4.6 million adults aged 65 and older in 2021, as reported by Statista.

Having healthcare providers that prioritize Medicare patients is crucial for this specific group of Floridians.

The bankruptcy and alleged evictions of a healthcare company based in Florida, which serves 310,000 Medicare members, might pique the interest of certain readers.

Cano Health, a South Florida-based healthcare company, offers a range of primary care services, pharmacy, and wellness specialties to its clientele, with a significant focus on senior citizens.

The company, which was established in 2009, encountered financial challenges. However, it implemented strategies aimed at strengthening its presence in the Florida market.

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According to a report by Medical Economics, Cano Health made headlines in August 2023 when it laid off 700 employees and expressed its intention to find a buyer.

In September of 2023, the company made an announcement that it had sold the assets linked to its primary care centers in Texas and Nevada to CenterWell Senior Primary Care, approximately a month later.

The company’s recent filing for Chapter 11 bankruptcy in early February of 2024 may not be surprising, considering the aforementioned circumstances.

Cano Health has reportedly reached a restructuring support agreement that will allow it to continue operations, according to the South Florida Business Journal.

According to reports, Cano Health will be able to cancel leases as part of the bankruptcy process. It is said that the company currently has six pending eviction notices in South Florida.

According to reports, the company aims to recover from bankruptcy by the second quarter of 2024.

Florida locals have mixed reviews about Cano, with one location on University Drive receiving a rating of 1.3 out of 5 stars on Yelp. Numerous complaints revolve around issues such as inconsistent healthcare services and difficulties in seeing the same doctor or obtaining timely referrals.

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