CareMax To Acquire Medicare Value-Based Care Business Of Steward Health Care System

CareMax Inc., plans to acquire Steward Health Care System’s Medicare value-based care business. The deal will initially add 170,000 covered lives across eight states. CareMax will pay $25 million in cash and issue 23.5 million shares of CareMax’s Class A common stock to Stewards’s equityholders. In addition, CareMax will fund a Medicare receivable to Steward covering accounts receivable related to 2021 and the pre-close period of 2022. Upon closing, CareMax said it will cover a total of 205,000 senior lives across 10 states under value-based care arrangements.

Steward’s value-based . . .