“These decisions are never easy, and we’re taking great care to treat all impacted employees with dignity and respect," the company told Cardiovascular Business in a statement.

“Companies are undergoing a significant amount of change as they respond to economic challenges, higher costs and talent management issues,” says Andrew Challenger, SVP of Challenger, Gray & Christmas.

Poverty was associated with 183,000 deaths in the United States in 2019 among people 15 years and older, according to a recent study published in JAMA. 

The acquisition is one of 2023's biggest healthcare deals so far.

The news comes just days after three former board members penned an open letter to all Cano Health shareholders discussing their concerns about the company.

Three former executives from Outcome Health, a health technology startup company based in Chicago, have been convicted by a jury in a fraud scheme amounting to approximately $1 billion.

Welcome to Movers & Shakers, a roundup of the latest executive movement in the healthcare industry, featuring two CEO moves at Mt. Washington Pediatric Hospital and Central Health.

The group hopes its members can increase congressional support of a new bill introduced in the House.