Brief: Caremax Says Reaches Agreements To Sell Management Services Organization And Core Centers' Assets

Caremax

17/11/2024 23:24

Nov 17 (Reuters) - CareMax Inc  CMAX.O :
    * CAREMAX REACHES AGREEMENTS TO SELL MANAGEMENT SERVICES
ORGANIZATION AND CORE CENTERS’ ASSETS
    * CAREMAX INC - SALE TRANSACTIONS TO BE IMPLEMENTED THROUGH
AN
EXPEDITED PREARRANGED CHAPTER 11 PLAN SUPPORTED BY 100% OF
CAREMAX'S SECURED LENDERS
    * CAREMAX INC - RSA INCLUDES $30.5 MILLION DEBTOR IN
POSSESSION
FINANCING FACILITY
    * CAREMAX INC - CAREMAX SECURES $30.5 MILLION IN DEBTOR IN
POSSESSION FINANCING
    * CAREMAX- AGREEMENT WITH AFFILIATE OF REVERE MEDICAL,
WHICH'LL
ACQUIRE MEDICARE SHARED SAVINGS PROGRAM PORTION OF CO'S
MANAGEMENT SERVICES ORGANISATION
    * CAREMAX INC - INTENDS TO WIND DOWN ACO REACH AND MEDICARE
ADVANTAGE PORTIONS OF ITS MANAGEMENT SERVICES ORGANIZATION
    * CAREMAX INC - ANTICIPATES THAT SALE TRANSACTIONS AND
PREARRANGED
PLAN WILL BE CONSUMMATED IN EARLY 2025
    * CAREMAX INC - REACHED AN AGREEMENT IN PRINCIPLE ON A
"STALKING
HORSE" AGREEMENT WITH A THIRD-PARTY BUYER FOR CO'S OPERATING
CLINIC BUSINESS

Source text:  ID:nBw9jKHHSa 
Further company coverage:  CMAX.O 

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