By Denny Jacob

 

Cano Health Inc. shares soared 42% to $8.93 after The Wall Street Journal reported that Humana Inc. and other possible buyers are circling the company.

Trading was paused for volatility at 3:16 p.m. EDT and resumed seven minutes later.

The talks are serious and a deal to purchase Cano could be struck in the next several weeks, assuming the negotiations don't fall apart, the Journal reported. Miami-based Cano operates primary-care centers in California, Florida, Nevada, New Mexico, Texas, Illinois, New York, New Jersey and Puerto Rico.

Humana Inc. shares edged up 1.5% to $498.08.

 

Write to Denny Jacob at denny.jacob@wsj.com

 

(END) Dow Jones Newswires

September 22, 2022 15:47 ET (19:47 GMT)

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