![]() “We are excited to invest and partner with as part of the combination of these two best-in-class, value-based primary care organizations,” Roger Marrero, a senior partner at Comvest Partners, said in a statement. RBC Capital Markets will provide debt financing.Īssuming no redemptions of Deerfield public shares, the current owners of CareMax Medical Centers and IMC Medical Group will collectively own 27% of the combined enterprise. To finance the acquisitions and merger, Deerfield will sell $400 million in stock to multiple investors, including Fidelity Management & Research, Maverick and Eminence Capital, as well as funds and accounts managed by BlackRock. ![]() The company’s current equity holders include private equity firms Comvest Partners and Athyrium Capital Management. The $250 million purchase of IMC Medical Group will also be a mix of cash and stock. Current equity holders of CareMax Medical Centers are primarily the founders and executives of the company. The $364 million price tag for CareMax Medical Center and CareOptimize will be a mix of cash and stock. “We believe that CareMax operates a best-in-class delivery model supported by a highly scalable technology backbone.” “Value-based care, built upon the premise of providing extensive primary care, is recognized as an effective way to lower health care costs and improve patient outcomes in Medicare Advantage, especially for dual-eligible beneficiaries and those with chronic conditions,” he said in a statement. ![]() (Nasdaq: AHCO), which went public last year. Barasch also has ties to home health equipment company AdaptHealth Corp. Richard Barasch, the veteran health care executive at the helm of Deerfield, will serve as executive chairman of the combined company upon closing. Bill Lamoreaux, the current CEO of IMC Medical Group, will become executive vice president of CareMax. ![]() Upon closing, CareMax will be led by CEO Carlos de Solo, who founded CareMax Medical Centers in 2011 and CareOptimize in 2015. Mplay home center plus#Other wrap-around services for seniors will include primary care, transportation and healthy meals, plus other offerings focused on social determinants of health.ĬareMax will likewise leverage virtual care tools, which have grown exponentially more popular during the COVID-19 pandemic. ![]() Ultimately, Deerfield hopes to create a vertically integrated “one-stop shop” for its patients.Īlthough a chunk of the business will be focused on center-based care, CareMax’s whole-person approach to health will also tie in home health visits and house calls. “We specifically focus on access and quality for underserved communities.” “Our patients live in medically underserved communities where the hospital has become the first, and often only, option for health care,” the blank-check company highlighted in an investor presentation. On top of its brick-and-mortar medical centers, CareMax will own CareOptimize, a technology platform that is used by health care providers across the U.S.Īpproximately 64% of CareMax patients are dually eligible for Medicare and Medicaid, according to Deerfield. Overall, CareMax will have partnerships with 19 different payers, including affiliates of Anthem (NYSE: ANTM), Humana (NYSE: HUM), United Healthcare (NYSE: UNH), Centene (NYSE: CNC) and Florida Blue. Following the combination, CareMax will oversee 26 wholly owned medical centers in Florida, serving roughly 16,000 Medicare Advantage (MA) members in value-based contracts, in addition to thousands of others in managed care. ![]()
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