BUZZ-CareMax falls after bankruptcy protection filling

Reuters11-18

** Shares of clinic operator CareMax slumps 32.7% to $1.13 premarket

** Co filed for Chapter 11 bankruptcy in Texas on Sunday

** CMAX listed debts of $693 million and assets of $390 million

** CMAX said it will sell its management services organization, which supports care for ~80,000 Medicare patients, to Revere Medical

** Lenders support process with $30.5 million financing to maintain operations running, CMAX said

** Co also plans to sell core assets, which include its operating clinics that provide healthcare services, but hasn't finalized a buyer yet

** As of last close, stock has fallen 88.8% YTD

(Reporting by Kamal Choudhury in Bengaluru)

((Kamal.Choudhury@thomsonreuters.com;))

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