ClareMedica Health Partners to become “Stalking
Horse” Bidder to Acquire CareMax’s Core Centers’ Assets
CareMax, Inc. (NASDAQ: CMAX; CMAXW) (“CareMax” or the
“Company”), a leading technology-enabled value-based care delivery
system, today announced that it has entered into a “stalking horse”
purchase agreement with ClareMedica Health Partners
(“ClareMedica”), a leader in value-based primary care serving
patients in Florida, pursuant to which ClareMedica will acquire
CareMax’s core centers’ assets including a vast majority of
CareMax’s operating clinics (the “Core Centers’ Assets”).
The transaction will be implemented pursuant to a previously
announced prearranged chapter 11 plan supported and funded by 100
percent of CareMax’s current secured lenders (the “Prearranged
Plan”). The sale of the Core Centers’ Assets is anticipated to be
consummated simultaneously with CareMax’s Prearranged Plan.
CareMax has obtained Court approval to maintain
business-as-usual operations to ensure the Company’s medical
centers and physician affiliates continue providing uninterrupted,
high-quality care and service to all patients.
Court filings and additional information relating to CareMax’s
court-supervised process can be found at
https://cases.stretto.com/CareMax, a website administered by
CareMax’s claims agent, Stretto, Inc. Information is also available
by calling (855.314.3709) (Toll-Free) and (657.660.3550)
(International).
Advisors
Sidley Austin LLP is serving as legal counsel to CareMax.
Alvarez & Marsal North America, LLC is serving as financial
advisor. Piper Sandler & Co. is serving as investment
banker.
McGuireWoods LLP is serving as legal counsel and Ernst &
Young LLP is serving as financial advisor to ClareMedica. Raymond
James & Associates, Inc. is serving as investment banker to
ClareMedica and its affiliates.
About CareMax
Founded in 2011, CareMax is a value-based care delivery system
that utilizes a proprietary technology-enabled platform and
multi-specialty, whole person health model to deliver
comprehensive, preventative and coordinated care for its members.
CareMax operates 46 clinical centers and employs approximately
1,100 employees who serve approximately 260,000 patients across all
business lines. Through CareMax’s fully-integrated, Five-Star
Quality rated health and wellness centers, CareMax is redefining
healthcare across the country by reducing costs, improving overall
outcomes and promoting health equity for seniors.
Learn more at www.caremax.com.
About Claremedica
Claremedica is a Florida-based primary care provider and
national leader in patient care quality, outcomes, and experience.
Claremedica’s proprietary care model integrates primary care,
specialty care, care management, social services and technology to
keep patients living healthy, happy, and fully.
Forward-Looking Statements
This press release contains forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933, as
amended, Section 21E of the Securities Exchange Act of 1934, as
amended, and the Private Securities Litigation Reform Act of 1995,
as amended. These forward-looking statements include statements
regarding the process and potential outcomes and timing of the
Company’s chapter 11 proceedings, the Company’s expectations
regarding the Prearranged Plan and the Court’s approval thereof,
the Company’s expectations regarding the sale of Core Centers’
Assets, the Company’s ability to continue to operate as usual
during the chapter 11 proceedings and the Company's ability to pay
for continuing obligations. Words such as "anticipate," "believe,"
"budget," "contemplate," "continue," "could," "envision,"
"estimate," "expect," "guidance," "indicate," "intend," "may,"
"might," "plan," "possibly," "potential," "predict," "probably,"
"pro forma," "project," "seek," "should," "target," or "will," or
the negative or other variations thereof, and similar words or
phrases or comparable terminology, are intended to identify
forward-looking statements. These forward-looking statements
reflect the Company’s expectations, plans or forecasts of future
events and views as of the date of this press release. These
forward-looking statements are not guarantees of future
performance, conditions or results, and involve a number of known
and unknown risks, uncertainties, assumptions and other important
factors, many of which are outside the Company’s control, that
could cause actual results or outcomes to differ materially from
those discussed in the forward-looking statements.
Important risks and uncertainties that could cause the Company's
actual results and financial condition to differ materially from
those indicated in forward-looking statements include, among
others, the Company's future capital requirements and sources and
uses of cash, including funds to satisfy its liquidity needs; the
Company's ability to fund its planned operations and its ability to
continue as a going concern; the adverse impact of the chapter 11
proceedings on the Company's business, financial condition, and
results of operations; the Company's ability to maintain
relationships with patients, employees, doctors, health plans and
other key payers and other third parties as a result of the chapter
11 proceedings; the effects of the chapter 11 proceedings on the
Company and the interests of various constituents, including
holders of the Company's common stock; the Company's ability to
obtain court approvals with respect to motions filed or other
requests made to the Court throughout the course of the chapter 11
proceedings; risk associated with third-party motions in the
chapter 11 cases; and the other risks and uncertainties described
from time to time in the Company's filings with the United States
Securities and Exchange Commission (the “SEC”). For a detailed
discussion of the risk factors that could affect the Company's
actual results, please refer to the risk factors identified in the
Company's reports filed with the SEC. All information provided in
this press release is as of the date hereof, and the Company
undertakes no duty to update or revise this information unless
required by law, and forward-looking statements should not be
relied upon as representing the Company’s assessments as of any
date subsequent to the date of this press release.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20241124982656/en/
Investor Relations / Media Jude Gorman / Clayton Erwin /
Olivia Sherman Collected Strategies
CareMax-CS@collectedstrategies.com
CareMax (NASDAQ:CMAX)
過去 株価チャート
から 11 2024 まで 12 2024
CareMax (NASDAQ:CMAX)
過去 株価チャート
から 12 2023 まで 12 2024
