CareMax to Sell Core Assets to ClareMedica

Dow Jones11-25

By Adriano Marchese

CareMax will sell its core assets to ClareMedica Health Partners after filing for bankruptcy last week.

The technology-enabled care-delivery system said Monday that it entered into a "stalking horse" purchase agreement for ClareMedica to acquire the assets of CareMax's core centers, including a vast majority of its operating clinics.

No financial details of the transaction were disclosed.

CareMax filed for bankruptcy last week, listing up to $500 million in assets and up to $1 billion in liabilities. The company operates clinics and coordinates care for patients mostly on Medicare.

Write to Adriano Marchese at adriano.marchese@wsj.com

(END) Dow Jones Newswires

November 25, 2024 07:07 ET (12:07 GMT)

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