Medical Center Operator CareMax Files For Chapter 11 Bankruptcy: Details

On Sunday, CareMax Inc (NASDAQ:CMAX) agreed to sell its management services organization and also announced a sale process for the company’s core centers’ assets.

The sale will be implemented under a prearranged Chapter 11 plan supported and funded by 100% of CareMax’s current secured lenders.

Founded in 2011, CareMax is a value-based care delivery system. CareMax operates 46 clinical centers and employs approximately 1,100 employees, serving approximately 260,000 patients across all business lines.

CareMax has agreed with an affiliate of Revere Medical (formerly known as Rural Health Group), under which Revere Medical will acquire ...

Full story available on Benzinga.com