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Stock impact report

CareMax Reaches Agreements to Sell Management Services Organization and Core Centers' Assets [Yahoo! Finance]

CareMax, Inc. - Class A (CMAX) 
Company Research Source: Yahoo! Finance
Sale Transactions to be Implemented Through an Expedited Prearranged Chapter 11 Plan Supported by 100% of CareMax's Secured Lenders CareMax Secures $30.5 Million in Debtor in Possession Financing to Support Operations and Continuing Provision of Healthcare Services Throughout Restructuring Process MIAMI, November 17, 2024 BUSINESS WIRE )--CareMax, Inc. (NASDAQ: CMAX; CMAXW) ("CareMax" or the "Company"), a leading technology-enabled value-based care delivery system, today announced it has entered into an agreement to sell its management services organization and also announced a sale process for the Company's core centers' assets (collectively, the "Sale Transactions"). The Sale Transactions will be implemented pursuant to a prearranged chapter 11 plan supported and funded by 100 percent of CareMax's current secured lenders (the "Prearranged Plan"). CareMax has entered into an agreement with an affiliate of Revere Medical (formerly known as Rural Health Group), pursuant to which Show less Read more
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