Doctors Marlow Hernandez and Richard Aguilar founded Cano Health in 2009 to provide quality end-to-end health care for underserved Latino communities in Florida. In 2016, their company generated $1.6M in revenue, but they had an idea to roll-up other smaller medical practices in their footprint to leverage economies of scale. With the help of my friend Sol Trujillo they began accelerating their acquisition strategy. Beyond providing strategic support, Sol helped the doctors raise capital, but while he knew there would be a huge appetite from the investor community, Sol wanted the money to come from other Latino business leaders in order to keep the growing company Latino-controlled. In 2018, the company was recognized as the fastest growing healthcare company in America. This past week, Cano Health went public and was valued at $4.4 Billion.
The public offering generated enormous wealth for the company’s founders and the Latino investors who helped them grow. More importantly, the company has an amazing track record for providing world-class healthcare and now has the capital to scale nationwide. Doctors Hernandez and Aguilar were showcased at L’ATTITUDE in both 2019 and 2020. They had a story we wanted people to know about. Sol and I are confident that Cano Health will be the first of many Latino-founded companies that will be showcased at L’ATTITUDE and who receive early funding from our L’ATTITUDE VC Fund or from our investor partners who participate in Match-Up. Cano Health should serve as an inspiration. Dr. Hernandez is a 35-year-old Cuban immigrant, a brilliant man, with a heart of gold. I consider him a family friend. So, while some people are still obsessing about an election that has long been decided, other people are getting shit done. Companies are being built and fortunes are being made. This is our time. Start thinking bigger!
Regardless of political persuasion, most people think the rhetoric of politics has gotten out of control. If you believe that, as I do, there IS something you can do about it. You can ask yourself whether you are helping or hurting the situation. I like to say that there are two types of people in the world: people who add stress and people who relieve stress. I think similarly, some people are adding to the political spectacle in the country, and others are at least trying for something better.
Gary's Blog will return next week.
This past week, the National Association of Realtors invited me to participate in a meeting with the NAR leadership and Jonathan Kanter, the Assistant Attorney General of the United States.