CareMax Reaches Agreements to Sell Management Services Organization and Core Centers' Assets
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CareMax, Inc. (NASDAQ: CMAX; CMAXW) has announced agreements to sell its management services organization and core centers' assets. These sales will be executed under a prearranged chapter 11 plan, fully supported and funded by CareMax's current stakeholders.
November 17, 2024 | 11:30 pm
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CareMax is selling its management services organization and core centers' assets under a chapter 11 plan, indicating a significant restructuring effort.
The sale of major assets and the involvement of a chapter 11 plan suggest financial distress and restructuring, which typically has a negative short-term impact on stock prices.
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