Chapter 11 proceedings to restructure and sell its management services organization and core centers’ assets, backed by a prearranged plan with secured lenders. The company secured $30.5 million in debtor-in-possession financing to ensure continued operations and healthcare services.

CareMax went public through a reverse merger with a blank-check company backed by private-equity firm Deerfield Management under a December 2020 agreement that estimated the company's post-merger market value at around $800 million.

In late October, Dallas-based Steward Health Care, which sought Chapter 11 protection May 6, sold its physician group, Stewardship Health, to Nashville, Tenn.-based Rural Healthcare Group, a primary care provider organization part of Kinderhook Industries.

CareMax Inc. (CMAX; CMAXW) said that it has initiated prearranged voluntary chapter 11 proceedings in the U.S. Bankruptcy Court for