Cano Health, Inc., along with its 47 affiliates, filed a voluntary petition for reorganization under Chapter 11 in the US Bankruptcy Court for the District of Delaware on February 4, 2024. The debtor listed both its assets and liabilities in the range of $1 billion to $10 billion. The debtor is represented by Michael Joseph Merchant of Richards Layton & Finger, P.A., and Weil, Gotshal & Manges LLP as its legal counsels.

The debtor also hired Quinn Emanuel Urquhart & Sullivan, LLP as its special counsel, Houlihan Lokey, Inc. as its investment banker, AlixPartners, LLP as its financial advisor, Kurtzman Carson Consultants LLC as its claims and noticing agent.