On November 17, 2024, CareMax filed voluntary petitions for relief under Chapter 11. Under this plan, CareMax entered into several agreements to sell portions of its business, including the sale of its managed services organization (MSO) to Revere Medical, formerly known as Rural Health Group. CareMax’s MSO supports approximately 80,000 Medicare beneficiaries. Additionally, CareMax entered into a stalking horse agreement—a preliminary bid used in bankruptcy auctions to set a baseline price—to sell the company’s operating clinic business to ClareMedica Viking, LLC. Here is a review of its bankruptcy and reorganization.
Read the full article: CareMax Caught in Steward’s Storm: CareMax’s Bankruptcy & Reorganization //
Source: https://vmghealth.com/insights/blog/caremax-caught-in-stewards-storm-caremaxs-bankruptcy-reorganization/