CareMax Inc - Ordinary Shares - Class A

NASDAQ:CMAX  
4.05
+0.42 (+11.57%)
Mergers / Acquisitions

CareMax To Acquire Medicare Value-Based Care Business Of Steward Health Care System

Published: 06/01/2022 11:48 GMT
CareMax Inc - Ordinary Shares - Class A (CMAX) - Caremax, Inc. to Acquire Medicare Value-based Care Business of Steward Health Care System.
Caremax Inc - Transaction Projected to Be Immediately Accretive to Revenue and Adjusted EBITDA Following Close.
Caremax Inc - Upon Closing of Transaction, Dr.
De La Torre Will Have Right to Designate One Member of Caremax's Board of Directors.
Caremax Inc - If Earnout is Achieved, Dr.
De La Torre Will Have Right to Designate an Additional Member of Caremax's Board of Directors at Such Time.
Caremax Inc Says Under Terms of Merger Agreement, Co Will Pay $25 Million in Cash and Issue 23.5 Million Shares of Caremax's Class A Common Stock.
Caremax - Pursuant to Merger Agreement, Co Will Acquire Medicare Value-based Care Business of Steward for a Combination of Cash and Stock.
Caremax Inc Says in Addition, Co Will Fund Medicare Receivable to Steward Covering Accounts Receivable Related to 2021 and Pre-close Period of 2022.
Caremax Inc - Steward Will Have Potential to Receive an Earnout of Additional Shares of Caremax's Class A Common Stock.