CareMax 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. The sale transactions will be implemented pursuant to a prearranged Chapter 11 plan supported and funded by 100% of CareMax's current secured lenders. CareMax has entered into an agreement with an affiliate of Revere Medical, which will acquire the Medicare Shared Savings Program portion of the company's management services organization that supports care provided to approximately 80,000 Medicare beneficiaries.
