Cano Health and Comfort Health Join to Launch New South Florida Health Care Leader
Combined companies create a new regional consolidator in primary care committed to clinical excellence and personalized care
Miami, FL (January 17, 2017) Comfort Health, a leader in the global capitation model of care and risk management, today joined Cano Health, a rapidly growing operator of Primary Care Plus healthcare centers. The companies will create a new leading regional consolidator in primary care committed to clinical excellence, efficient operation, and a caring environment for all patients.
The new company offers patients an extended range of services focused on improving their health care experience while providing the best possible care. It combines Cano’s specialty programs in Venous Medicine, Arthritis, Allergy, and Weight Loss with Comfort’s Medicare HMO and Medicaid healthcare centers. These centers, known for their long history of promoting healthy living and preventive care, offer specialty services such as in-house pharmacies, select specialists, transportation to centers for medical services and social work services.
Cano is one of the few outpatient healthcare organizations to hold JAHCO accreditation and major academic affiliations. The new venture combines existing health care providers with shared reputations for personalized care and welcoming environments that have allowed them to quickly expand services throughout South Florida.
“We are honored every day for the opportunity to provide the best possible specialty care and medical treatment that is personalized for every patient,” said Dr. Marlow Hernandez, Cano Health CEO. “Combining our two great companies creates the platform to broaden our services and extend our reach to new and existing patients in South Florida.”
“We are especially excited knowing we are joining a company with a culture like ours that shares our passion for taking exceptional care of patients,” said Gina Portilla, Comfort Health CEO. “Our patients will have convenient access to specialty medical services in the warm, caring environment they already know. We look forward to extending our footprint in South Florida as we join with Dr. Hernandez and his team of passionate clinicians.”
Dr. Hernandez will serve as CEO of the new company, which will operate under the Cano brand. Ms. Portilla will join the senior management team and continue to oversee the Comfort Health portion of the business.
As part of the joint venture, Cano Health and Comfort Health have agreed to take on an investment from InTandem Capital, a New York based private equity investment firm that works with leading companies in various health care services sectors. The additional capital will help fund accelerated growth, in the form of new locations and acquisitions.
About Cano Health
Cano Health is a rapidly growing operator of “Primary Care Plus” healthcare centers focused on improving the lives of individuals, families, and communities. In addition to primary medical care, Cano Health has specialty programs in the fields of Venous Medicine, Arthritis, Allergy, and Weight Loss. It is one of the few outpatient healthcare organizations to hold JAHCO accreditation and major academic affiliations. Cano Health proudly operates prestigious medical centers in both Miami-Dade and Broward counties.
About Comfort Health
Comfort Health establishes and operates Medicare HMO and Medicaid healthcare centers dedicated to enhancing the lives of the patients they serve. Comfort Health’s medical centers place great emphasis on promoting healthy living and healthy aging. Their specialty services include two in-house pharmacies, unlimited transportation to centers for medical services and social worker services. Comfort Health’s reputation for personalized care, coupled with a warm and inviting atmosphere, has allowed them to quickly expand their services throughout South Florida.
About InTandem Capital
InTandem Capital is a private equity firm that invests in and helps accelerate the growth of select healthcare services companies. Its goal is to build excellent businesses of significant value working collaboratively with its management team partners. InTandem is comprised of former business executives and experienced investors, and is uniquely qualified to provide strategic, acquisition and operating expertise to help companies significantly increase their value over time. InTandem provides active support to the management of its portfolio companies directly, and leverages its network of industry executives to augment its capabilities.