CANO HEALTH, INC. Cano Health, Inc., along with its affiliates, filed a third amended joint plan of reorganization with related disclosure statement in the US Bankruptcy Court on May 17, 2024. As per the amended plan filed, General Unsecured Claims are changed to RSA GUC Claims of $850 million. Non-RSA GUC Claims of $33 million with expected recovery of 15.2% - 19.1% Pro Rata share of the MSP cash amount, Incremental Cash Amount, and the Litigation Trust Interests.
Convenience claims of $1 million shall recover 14.8% - 43.0% and receive the lesser of 50% of its allowed convenience claim or its pro rata share of the convenience claim cap. There is no other change in the treatment of any claim class or sources of plan funding.
