Becker's Healthcare November 18, 2024
Miami-based CareMax, a senior healthcare provider, sought Chapter 11 protection Nov. 17 and has entered into an agreement with Revere Medical to sell its management services organization and core clinic business assets. The transactions are part of a pre-arranged Chapter 11 restructuring plan which is fully supported by the company’s secured lenders.
Here are eight things to know:
1. In late October, Dallas-based Steward Health Care, which sought Chapter 11 protection May 6, sold its physician group, Stewardship Health, to Nashville, Tenn.-based Rural Healthcare Group, a primary care provider organization part of Kinderhook Industries. Stewardship Health was rebranded as Revere Health.
2. CareMax is a value-based care-delivery system that operates 46 clinical centers and employs around 1,100 people. In...
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