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Sternlicht group seeks change at Cano Health, including replacement of CEO

In a regulatory filing, Barry Sternlicht indicated holding a 9.4% stake in Cano Health and noted that on March 30, he, Elliot Cooperstone and Dr. Lewis Gold resigned as members of the board of Cano. On April 2, the former directors and certain of their affiliates entered into the group agreement "pursuant to which they agreed to act together to pursue change at the [company], including, but not limited to, the replacement of the CEO, sale of non-core assets and enhancement of shareholder value," the filing stated.

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Published first on TheFly

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