Humana, CVS Health In the Running to Acquire Cano Health - Reports
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Citi Reiterates $7 PT on Cano Health (CANO), Says Takeout Could Be Worth $14 on Roughly 2x Revenue
September 23, 2022 12:18 PM EDTCiti analyst Jason Cassorla reiterated a Buy rating and $7.00 price target on Cano Health (NYSE: CANO).
The analyst comments "Another Takeout Headline Not Surprising: Multiple headlines over the past ~six months have suggested CANO could potentially be acquired. To this end, CANO traded at ~1.0x our 2023E revenue at an unaffected price of $6.31 (September 21st close), which compares to its SPAC merger multiple at ~3x forward revenue, and other recent deals in the space including AMZNs... More
CVS Health (CVS) Said to Consider Potential Bid for Cano Health (CANO) - Bloomberg
September 22, 2022 3:28 PM EDTCVS Health (NYSE: CVS) Said to Consider Potential Bid for Cano Health (NYSE: CANO) - Bloomberg
CVS Health (CVS) Declares $0.55 Quarterly Dividend; 2.2% Yield
September 22, 2022 5:56 AM EDTCVS Health (NYSE: CVS) declared a quarterly dividend of $0.55 per share, or $2.2 annualized.
The dividend will be payable on November 1, 2022, to stockholders of record on October 21, 2022, with an ex-dividend date of October 20, 2022.
The annual yield on the dividend is 2.2... More
CVS, Walmart reach $147.5 million opioid settlement with West Virginia
September 20, 2022 3:31 PM EDTBy Dietrich Knauth
(Reuters) -CVS Health Corp and Walmart Inc have agreed to pay $147.5 million to settle West Virginia's claims over their alleged roles in the state's opioid crisis, state attorney general Patrick Morrisey said Tuesday.
CVS agreed to pay $82.5 million and Walmart agreed to pay approximately $65 million, according to the state.
West Virginia had been prepared to proceed to trial on Sept. 26 against the two companies, as well as Walgreens Boots Alliance.
The state had accused the pharmacy chains of fueling the deadly opioid epidemic through their allegedly lax oversight of prescription pills sold in the... More
