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Reports that CVS out of Cano Health bidding, send Cano stock plunging


Although both Humana Inc. and CVS Health Corp. reportedly expressed interest last month in buying primary care provider Cano Health, news that CVS is no longer interested sent Cano's stock spiraling by more than 42% in trading on Oct. 17, reports Healthcare Finance News. CVS wouldn't comment on a Dealreporter report that it's abandoning the purchase.

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