Cano Health’s Lender Group Taps Adviser as Its Cash Dwindles

A group of lenders to Cano Health Inc., the healthcare provider backed by billionaire Barry Sternlicht, is seeking advice from Evercore Inc. as the company faces a cash squeeze, according to people with knowledge of the situation.

The lenders are also working with lawyers at Gibson Dunn & Crutcher, said the people, who asked not to be identified because the matter is private.

To get more breathing room, Cano has been gauging investor interest in raising additional financing that could include secured debt, the people said. Evercore and Gibson didn’t respond to requests for comment.

A Cano ...