On June 3, 2021 (the Closing Date), Jaws Acquisition Corp. (Jaws), consummated the previously announced business combination pursuant to the terms of the Business Combination Agreement, dated as of November 11, 2020 by and among Jaws Acquisition Corp. (Jaws), Jaws Merger Sub, LLC (Merger Sub), Primary Care (ITC) Intermediate Holdings, LLC (PCIH) and PCIH's sole member, Primary Care (ITC) Holdings, LLC (Seller). Pursuant to the Business Combination Agreement, on the Closing Date, Jaws changed its jurisdiction of incorporation by deregistering as a Cayman Islands exempted company and continuing and domesticating as a corporation incorporated under the laws of the State of Delaware (the Domestication), upon which Jaws changed its name to Cano Health, Inc. (together with its consolidated subsidiaries, the Company). Furthermore, following the Closing, the Board established three standing committees: an audit committee, a compensation committee and a nominating and corporate governance committee. The members of audit committee are Lewis Gold, Jacqueline Guichelaar, Alan Muney, Kim Rivera and Angel Morales serves as the chairperson of the audit committee. The members of the compensation committee are Messrs. Gold, Morales and Muney is the chairperson of the compensation committee. The members of the nominating and corporate governance committee are Messrs. Sternlicht and Trujillo and Mses. Guichelaar and Rivera is the chairperson of the nominating and corporate governance committee.
Cano Health, Inc. is a technology-based healthcare company delivering personalized, value-based primary care services. The Company delivers primary care that measurably improves the health, wellness, and quality of life of its patients and the communities it serves through its primary care medical centers and supporting affiliated providers. It operates primary care centers and supports affiliated medical practices in Florida, Texas, Nevada, and Puerto Rico that specialize in value-based care for seniors. It offers integrated virtual care, wellness services, ancillary services (such as physiotherapy), home services, transportation, telemedicine and 24/7 urgency line services. It provides population health management programs such as wellness activities, pharmacy services, home visits, telehealth, transition of care, and high-risk and complex care management. Its wellness services include dominoes/board games, education courses, laughter yoga, music and dancing and others.