CareMax, Inc.
caremax.comNo Longer Reporting
The company has not filed an annual or quarterly report since its Q2 FY2024 10-Q, filed Aug 9, 2024. Its latest SEC filing is a 15-12G from Feb 21, 2025.
10-Q for Q2 FY2024, filed Aug 9, 2024
The sections below describe the company as of the FY2023 annual report.
What Did They Do?
Provides coordinated primary, specialty and chronic-disease care to Medicare patients and people covered by Medicaid or commercial insurance.
10-K for FY2023, filed Mar 18, 2024As of December 31, 2023, CareMax operated 56 centers in Florida, New York, Tennessee, and Texas. CareMax offers a comprehensive range of…View ↗
CareMax’s centers offer 24/7 access to care through employed providers and provide a comprehensive suite of high-touch health care and…View ↗
While CareMax’s primary focus is providing care to Medicare eligible seniors who are mostly over the age of 65 (approximately 78% of…View ↗
Who Were Their Customers?
CareMax contracts with Medicare Advantage plans and delivers care to their members through its centers; it also serves Medicaid and commercial-plan members and provides practice-management services to independent providers and medical groups.
10-K for FY2023, filed Mar 18, 2024As of December 31, 2023, CareMax operated 56 centers in Florida, New York, Tennessee, and Texas. CareMax offers a comprehensive range of…View ↗
While CareMax’s primary focus is providing care to Medicare eligible seniors who are mostly over the age of 65 (approximately 78% of…View ↗
CareMax has value-based care contracts with nearly all major national and most regional, local Medicare Advantage plans. These contracts…View ↗
Through our MSO services, we provide value-based care clinical transformation and population health management to independent providers and…View ↗
How Were They Changing?
- Net income
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Sources
10-Q for Q2 FY2024, filed Aug 9, 2024
−$170.6MView ↗
- ▲ +427% (Loss)
- vs −$32.4M in Q2 FY2023
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Feb 3, 2025
Bankruptcy plan canceled shares and completed sales of clinic and Medicare savings businesses
The plan took effect, existing shares received no recovery, and buyers acquired the Medicare Shared Savings Program businesses and most clinic assets.
Sources
8-K, filed Feb 3, 2025
On January 31, 2025, the Bankruptcy Court entered the Confirmation Order confirming the Plan. A copy of the Confirmation Order, with a copy…View ↗
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Nov 25, 2024
Nasdaq notified CareMax that its shares and warrants would be delisted
CareMax said it would not appeal the delisting decision.
Sources
8-K, filed Nov 25, 2024
Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of ListingView ↗
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Nov 18, 2024
CareMax entered Chapter 11 and agreed to sell its management-services business
It also launched a sale process for its core clinic assets.
Sources
8-K, filed Nov 18, 2024
On November 17, 2024, CareMax, Inc., a Delaware corporation (the “Company”), and certain of its controlled affiliates (such affiliates…View ↗
From shell company to care provider
The earlier report described a blank-check company seeking a healthcare business combination, with no operations or revenue. The latest report describes a provider of coordinated medical care through centers and affiliated practices.
10-K for FY2020, filed Mar 4, 2021 10-K for FY2023, filed Mar 18, 2024
Who Did They Compete With?
Competes with Leon Medical Centers, agilon health, Oak Street Health, Amazon.com, and One Medical
10-K for FY2023, filed Mar 18, 2024The U.S. healthcare industry is highly competitive. We compete with local and national providers of primary care services, including Leon…View ↗
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