People familiar with the situation told the Journal that discussions between Humana and Cano are serious, and assuming talks don’t break down, a deal could be agreed upon as soon as next week.
After the Journal article, Cano Health shares went up 42 percent, giving the company a market value of nearly $5 billion.
Cano Health operates primary care centers in California, Florida, Nevada, New Mexico, Texas, Illinois, New York, New Jersey and Puerto Rico.
The company mainly serves Medicare Advantage members.
