CareMax

CareMax, Inc. provides medical services through physicians and health care professionals. It offers a suite of health care and social services to its patients, including primary care, specialty care, telemedicine, health and wellness, optometry, dental, pharmacy, and transportation. The company also provides CareOptimize, a proprietary software and services platform that provides data, analytics, and rules-based decision tools/workflows. The company was founded by Carlos de Solo and Alberto de Solo in 2011, and is headquartered in Miami, FL.

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CareMax exceeds revenue expectations, eyes growth in new markets

CareMax's Q4 2022 earnings call highlighted strong performance, operational successes, and growth prospects. Despite cash flow challenges and payment delays, the company remains optimistic about future opportunities and expansion plans. Integration efforts post-Steward acquisition are progressing well.

CareMax (CMAX) surpasses Q1 revenue expectations, focuses on quality care

CareMax (CMAX) delivered strong financial performance in Q1 2023, exceeding revenue expectations and focusing on quality care initiatives.
Despite challenges such as a high medical expense ratio and net loss, the company is on track with integration efforts and growth strategies.
Opportunities for CareMax include achieving a 5-star rating, driving membership growth, and improving cash flow for financial stability.

CareMax surpasses 100,000 Medicare members, faces financial challenges

CareMax's Q2 performance reflects strong membership growth and revenue generation, despite challenges with prior year developments impacting financial metrics.
The company's strategic strengths lie in reducing specialty leakage, expanding service offerings, and enhancing care coordination through new programs.
While facing challenges such as data migration issues and financial inquiries, CareMax remains optimistic about future growth opportunities and performance.

CareMax reports strong Q3 performance, eyes sustainable cash flow by 2024

CareMax's Q3 2023 performance showcased growth in membership and revenue, with a focus on optimizing cost structure and care management programs. Challenges include managing costs and addressing prior period developments, while opportunities lie in building positive momentum and achieving sustainable free cash flow by 2024.

CareMax reports challenges in 2023, focuses on operational excellence

CareMax navigated challenges in 2023 through cost-saving initiatives and strategic financial planning, focusing on operational excellence and long-term value creation.
Despite negative adjusted EBITDA, the company achieved a 5-star quality rating and aims to optimize business for liquidity preservation and future growth.
Actively addressing data accuracy issues and aligning strategies to enhance operational efficiency and drive financial performance in 2024.

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CareMax, Inc. provides medical services through physicians and health care professionals. It offers a suite of health care and social services to its patients, including primary care, specialty care, telemedicine, health and wellness, optometry, dental, pharmacy, and transportation. The company was founded by Carlos de Solo and Alberto de Solo in 2011, and is headquartered in Miami, FL.

MIAMI--(BUSINESS WIRE)--CareMax, Inc. (NASDAQ: CMAX; CMAXW) (“CareMax” or the “Company”), a leading technology-enabled value-based care delivery system, today announced that it has entered into a “stalking horse” purchase agreement with ClareMedica Health Partners (“ClareMedica”), a leader in value-based primary care serving patients in Florida, pursuant to which ClareMedica will acquire CareMax's core centers' assets including a vast majority of CareMax's operating clinics (the “Core Centers'.

CareMax Enters Into Agreement to Sell Core Centers' Assets

CareMax, which operates 56 medical centers in Florida, Texas, Tennessee and New York catering largely to older patients, filed for Chapter 11 bankruptcy in Texas on Sunday.

Major healthcare provider CareMax files for Chapter 11 bankruptcy

On Sunday, CareMax Inc CMAX agreed to sell its management services organization and also announced a sale process for the company's core centers' assets.

Medical Center Operator CareMax Files For Chapter 11 Bankruptcy: Details

MIAMI--(BUSINESS WIRE)--CareMax, Inc. (NASDAQ: CMAX; CMAXW) (“CareMax” or the “Company”), a leading technology-enabled value-based care delivery system, today announced it has entered into an agreement to sell its management services organization and also announced a sale process for the Company's core centers' assets (collectively, the “Sale Transactions”). The Sale Transactions will be implemented pursuant to a prearranged chapter 11 plan supported and funded by 100 percent of CareMax's curre.

CareMax Reaches Agreements to Sell Management Services Organization and Core Centers' Assets

CareMax , which operates 56 medical centers in Florida, Texas, Tennessee and New York catering largely to older patients, filed for Chapter 11 bankruptcy in Texas on Sunday.

Medical services provider CareMax files for Chapter 11 restructuring

CareMax (CMAX) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Earnings Preview: CareMax, Inc. (CMAX) Q3 Earnings Expected to Decline

CareMax, Inc. (CMAX) came out with a quarterly loss of $10.48 per share versus the Zacks Consensus Estimate of a loss of $7.51. This compares to loss of $4.50 per share a year ago.

CareMax, Inc. (CMAX) Reports Q2 Loss, Misses Revenue Estimates

MIAMI--(BUSINESS WIRE)--CareMax, Inc. (NASDAQ: CMAX; CMAXW) (“CareMax” or the “Company”), a leading technology-enabled value-based care delivery system, today announced financial results for the second quarter ended June 30, 2024. “Although our medical expense ratio continued to run higher than target levels, we were able to manage toward another quarter of sequential improvement in MER in the second quarter, and we continued to make progress against our clinical initiatives,” said Carlos de So.

CareMax Reports Second Quarter 2024 Results

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MIAMI--(BUSINESS WIRE)--CareMax, Inc. (NASDAQ: CMAX; CMAXW) (“CareMax” or the “Company”), a leading technology-enabled value-based care delivery system, today announced financial results for the first quarter ended March 31, 2024. “During the first quarter of 2024, we believe we began to see benefits from our fourth quarter clinical efforts which became fully implemented toward the end of last year,” said Carlos de Solo, Chief Executive Officer. “While absolute levels of utilization remained el.

CareMax Reports First Quarter 2024 Results

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CareMax, Inc. (CMAX) Q4 2023 Earnings Call Transcript

MIAMI--(BUSINESS WIRE)--CareMax, Inc. (NASDAQ: CMAX; CMAXW) (“CareMax” or the “Company”), a leading technology-enabled value-based care delivery system, today announced financial results for the fourth quarter and full year ended December 31, 2023. “In the fourth quarter, we began taking major steps with the goal of solidifying the long-term viability of our business,” said Carlos de Solo, Chief Executive Officer. “We have made difficult but necessary decisions to de-emphasize certain longer du.

CareMax Reports Fourth Quarter and Full Year 2023 Results

NEW YORK , March 12, 2024 /PRNewswire/ -- The following statement is being issued by Levi & Korsinsky, LLP:1 To: All Persons or Entities who purchased  CareMax, Inc. ("(CMAX) " or the "Company") ( NASDAQ: CMAX ) stock prior to  May 25, 2021 Levi & Korsinsky, LLP has commenced an investigation into potential breaches of fiduciary duty by the CMAX board of directors. To learn more about the action and your rights, go to: https://zlk.com/mna2/caremax-inc-lawsuit-submission-form or contact Joseph E.

CMAX ALERT: Levi & Korsinsky, LLP Commences an Investigation of CareMax, Inc. (CMAX) f/k/a Deerfield Healthcare Technology Acquisitions Corp. (DFHT)

MIAMI--(BUSINESS WIRE)--CareMax, Inc. (NASDAQ: CMAX; CMAXW) (“CareMax” or the “Company”), a leading technology-enabled value-based care delivery system, today announced that the Company's Board of Directors (the “Board”) has approved a 1-for-30 reverse stock split (the “Reverse Stock Split”) of its Class A common stock, par value $0.0001 per share (the “Class A Common Stock”), that is expected to become effective on Wednesday, January 31, 2024 at 11:59 p.m. Eastern Time (the “Effective Time”).

CareMax Announces 1-for-30 Reverse Stock Split

CareMax, Inc. (NASDAQ:CMAX ) Q3 2023 Earnings Conference Call November 9, 2023 8:30 AM ET Company Participants Roger Ou - Senior Vice President of Investor Relations Carlos de Solo - Co-Founder, President, CEO & Director Kevin Wirges - EVP, CFO & Treasurer Conference Call Participants Eduardo Ron - Truist Securities Jessica Tassan - Piper Sandler Jack Slevin - Jefferies Operator Good morning, and welcome to the CareMax, Inc. Third Quarter 2023 Financial Results and Conference Call. [Operator Instructions] I would now like to turn today's call over to Roger Ou, Senior Vice President of Investor Relations.

CareMax, Inc. (CMAX) Q3 2023 Earnings Call Transcript

MIAMI--(BUSINESS WIRE)--CareMax, Inc. (NASDAQ: CMAX; CMAXW) (“CareMax” or the “Company”), a leading technology-enabled value-based care delivery system, today announced financial results for the third quarter ended September 30, 2023. “Tomorrow marks one year since the acquisition of our national MSO and nearly two and a half years of rapid growth in our patient and provider base. Over that period, we experienced fluctuations in our revenue and EBITDA as we underwent numerous initiatives to int.

CareMax Reports Third Quarter 2023 Results

MIAMI--(BUSINESS WIRE)--CareMax, Inc. (“CareMax”) (NASDAQ: CMAX; CMAXW), a leading value-based care delivery system, announced today that it will release its financial results for the third quarter 2023 before the opening of the financial markets on Thursday, November 9, 2023, and host a conference call at 8:30 am Eastern Time the same day to discuss the results. The conference call can be accessed by dialing (888) 330-2508 for U.S. participants, or (240) 789-2735 for international participants.

CareMax Schedules Third Quarter 2023 Earnings Conference Call

CareMax, Inc. provides value-based care services to seniors in the United States. The firm's strategy is to elect into full-risk MSO Medicare plans even though it may have higher initial expense ratios. With tight liquidity, cash burn and heavy upfront MER costs, I'm Neutral [Hold] on CareMax, Inc. shares for now.

CareMax Strategy Faces High Initial MER Costs

MIAMI--(BUSINESS WIRE)--CareMax, Inc. (“CareMax”) (NASDAQ: CMAX; CMAXW), a leading technology-enabled provider of value-based care to seniors, announced today that Chief Executive Officer, Carlos de Solo, and Chief Financial Officer, Kevin Wirges, will participate in a fireside chat at the Morgan Stanley 21st Annual Global Healthcare Conference on Wednesday, September 13, 2023, at 7:30 am Eastern Time. A live webcast and replay of the event will be available on CareMax's investor relations webs.

CareMax to Present at the Morgan Stanley 21st Annual Global Healthcare Conference

CareMax, Inc. (NASDAQ:CMAX ) Q2 2023 Earnings Conference Call August 9, 2023 8:30 AM ET Company Participants Samantha Swerdlin - VP, IR Carlos de Solo - Co-Founder, President, CEO & Director Kevin Wirges - EVP, CFO & Treasurer Conference Call Participants Andrew Mok - UBS Taji Phillips - Jefferies Eduardo Ron - Truist Securities Jessica Tassan - Piper Sandler & Co. Joshua Raskin - Nephron Research Operator Hello, and welcome to the CareMax, Inc. Second Quarter 2023 Financial Results and Conference Call. [Operator Instructions].

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