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.

Earnings data Q2 2021

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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. (“CareMax”) (NASDAQ: CMAX; CMAXW), a leading technology-enabled provider of value-based care to seniors, announced today that Carlos de Solo, President & CEO, Kevin Wirges, Chief Financial Officer, and Ben Quirk, Chief Strategy Officer, are scheduled to present virtually at the Credit Suisse 30th Annual Healthcare Conference on Wednesday, November 10, 2021 at 2:40 pm ET. A live webcast and replay of the event will be available on CareMax's investor rela

CareMax, Inc. to Present at Credit Suisse 30th Annual Healthcare Conference

MIAMI--(BUSINESS WIRE)--CareMax, Inc. (“CareMax”) (NASDAQ: CMAX; CMAXW), a leading technology-enabled provider of value-based care to seniors, announced today that it will release its financial results for the third quarter ended September 30, 2021 before the opening of the financial markets on Monday, November 15, 2021. Management will host a conference call that morning at 8:30 am ET to discuss the results and business activities. Interested parties may participate in the call by dialing: (87

CareMax, Inc. Schedules Third Quarter 2021 Financial Results and Conference Call

CareMax is a network of multi-specialty medical care centers providing comprehensive care primarily to Medicare Advantage beneficiaries. The Company was incorporated in 2020 and went public in July 2021 subsequent to a business combination of a SPAC with CareMax and related businesses.

CareMax: Network Of Comprehensive Care Centers Serving Medicare Beneficiaries

MIAMI--(BUSINESS WIRE)--CareMax, Inc. (“CareMax”) (NASDAQ: CMAX; CMAXW), a leading technology-enabled provider of value-based care to seniors, today announced that Beatriz Assapimonwait has been appointed as an independent member of the CareMax board of directors. Ms. Assapimonwait brings to CareMax 38 years of Medicare managed care experience, including a decade of experience as a leader in the Medicare markets in South Florida, North Florida, and Puerto Rico. Most recently, Ms. Assapimonwait

CareMax, Inc. Appoints Beatriz Assapimonwait to Board of Directors

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MIAMI--(BUSINESS WIRE)--CareMax, Inc. (“CareMax”) (NASDAQ: CMAX; CMAXW), a leading technology-enabled provider of value-based care to seniors, is reminding investors of its upcoming virtual Analyst and Investor Day, taking place on September 9, 2021. Please register for the event at CareMax's investor relations website at ir.caremax.com. You may also submit questions in advance to IR@CAREMAX.COM. CareMax also announced that Carlos de Solo, President & CEO, Kevin Wirges, Chief Financial Offi

CareMax, Inc. Reminds Investors of Virtual Analyst and Investor Day on September 9, 2021

MIAMI--(BUSINESS WIRE)--CareMax, Inc. (“CareMax”) (NASDAQ: CMAX; CMAXW), a leading technology-enabled provider of value-based care to seniors, today announced that Dr. Vincent Omachonu has been appointed as an independent member of the CareMax board of directors. “We are very pleased to have Dr. Omachonu join our board of healthcare industry veterans,” said Carlos de Solo, CEO of CareMax. “Dr. Omachonu has extensive expertise in managed care and process improvement, and has helped to create rep

CareMax, Inc. Appoints Dr. Vincent Omachonu to Board of Directors

MIAMI--(BUSINESS WIRE)--CareMax, Inc. (“CareMax”) (NASDAQ: CMAX; CMAXW), a leading technology-enabled provider of value-based care to seniors, announced today that it has closed the previously announced acquisition of DNF Medical Centers (“DNF”), a leading medical practice in the Orlando Metro area. DNF operates six conveniently located medical centers serving approximately 4,000 Medicare Advantage members in its network. With this acquisition, CareMax now operates 42 medical centers, serving a

CareMax Closes Acquisition of DNF Medical Centers

MIAMI--(BUSINESS WIRE)--CareMax, Inc. (“CareMax”) (NASDAQ: CMAX; CMAXW), a leading technology-enabled provider of value-based care to seniors, announced today that it will host a virtual Analyst & Investor Day on September 9, 2021 from 9:30 – 11:30 am EST. During this event, members of CareMax's leadership team will provide an overview of the Company's corporate strategy, growth initiatives, technology, and financial performance, followed by a Q&A session. A link to the live webcast and

CareMax, Inc. to Host Virtual Analyst and Investor Day on September 9, 2021

MIAMI--(BUSINESS WIRE)--CareMax, Inc. (NASDAQ: CMAX; CMAXW), a leading technology-enabled provider of value-based care to seniors, announced today financial results for the second quarter ended June 30, 2021. Business Highlights Announced collaboration with Anthem described in separate press release issued earlier today Entered into agreement with The Related Companies, a leading national affordable housing developer, to support CareMax in opening centers inside or near affordable senior housin

CareMax Inc. Announces Second Quarter 2021 Financial Results

MIAMI--(BUSINESS WIRE)--CareMax, Inc. (NASDAQ: CMAX; CMAXW), a leading technology-enabled provider of value-based care to seniors, announced today it has signed a collaboration agreement with Anthem, a national health benefits company. Through this collaboration, CareMax plans to build medical centers in areas where Anthem will offer a value-based care model to improve patient outcomes. “At Anthem, we strive to be the most innovative, valuable, and inclusive partner for our patients and communi

CareMax Signs Collaboration Agreement With Anthem

MIAMI--(BUSINESS WIRE)--Ernst & Young LLP (EY US) announced that Carlos de Solo, CEO of CareMax, Inc. (NASDAQ: CMAX; CMAXW), was named an Entrepreneur Of The Year® 2021 Florida Award winner. The Entrepreneur Of The Year Awards program is one of the preeminent competitive awards for entrepreneurs and leaders of high-growth companies. The award recognizes those who are unstoppable entrepreneurial leaders, excelling in talent management; degree of difficulty; financial performance; societal im

EY Announces Carlos de Solo of CareMax, Inc. as the Entrepreneur Of The Year® 2021 Florida Award Winner

MIAMI--(BUSINESS WIRE)--CareMax, Inc. (“CareMax”) (NASDAQ: CMAX; CMAXW), a leading technology-enabled provider of value-based care to seniors, announced today that it will release its financial results for the second quarter ended June 30, 2021 before the opening of the financial markets on Friday, August 13, 2021. Management will host a conference call that morning at 8:30 am ET to discuss the results and business activities. Interested parties may participate in the call by dialing: (877) 407

CareMax, Inc. Schedules Second Quarter 2021 Financial Results and Conference Call

The stock price of Caremax Inc (NASDAQ: CMAX) increased by over 10% pre-market. This is why it happened.

CMAX Stock Increases Over 10% Pre-Market: Why It Happened

NEW YORK--(BUSINESS WIRE)--CareMax, Inc. (NASDAQ: CMAX; CMAXW), a technology-enabled provider of value-based primary care to seniors, has entered into an exclusive advisory agreement with an affiliate of The Related Companies LP (“Related”), one of the largest private owners of affordable housing in the United States. Since 2011, CareMax has employed a “Whole Person Health” approach that takes into consideration all facets of a patient's health, from in-house specialists to wellness activities

Caremax Enters Into Exclusive Agreement With Related Companies to Support Caremax in Opening Medical Centers in Senior Affordable Housing Throughout the U.S.

The stock price of Caremax Inc (NASDAQ: CMAX) increased by 9.7%. This is why it happened.

Caremax Stock Increased 9.7%: Why It Happened

MIAMI--(BUSINESS WIRE)--CareMax, Inc. (“CareMax”) (NASDAQ: CMAX; CMAXW), a leading technology-enabled provider of value-based care to seniors, announced today it has entered into a definitive agreement to acquire DNF Medical Centers (“DNF”), a leading medical practice in the Orlando Metro area that will add six medical centers serving more than 4,000 Medicare Advantage members to CareMax. CareMax intends to use DNF as the foundation for its further expansion in the Central Florida and Tampa Bay

CareMax Enters into Agreement to Acquire DNF Medical Centers to Further Expand Central Florida Presence

MIAMI--(BUSINESS WIRE)--Ernst & Young LLP (EY US) announced that Carlos de Solo, CEO of CareMax, Inc. (Nasdaq: CMAX), was named an Entrepreneur Of The Year® 2021 Florida Award finalist. Now in its 35th year, the Entrepreneur Of The Year program honors unstoppable business leaders whose ambition, ingenuity and courage in the face of adversity help catapult us from the now to next and beyond. De Solo was selected by a panel of independent judges. Award winners will be announced during a speci

EY Announces Carlos de Solo of CareMax, Inc. as an Entrepreneur Of The Year® 2021 Florida Award Finalist

MIAMI--(BUSINESS WIRE)--CareMax, Inc. (“CareMax”) (NASDAQ: CMAX; CMAXW), a leading technology-enabled provider of value-based care to seniors, announced today the closing of the acquisition of Senior Medical Associates, LLC (“SMA”). SMA operates 10 conveniently located medical centers across Broward County with approximately 5,000 Medicare Advantage members in the SMA network. CareMax intends to use SMA's footprint as the foundation of CareMax's expansion initiative in Broward County, a market

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