CareMax could lay off 530 employees – including executives – next year, according to reports. Ultimately, the layoffs are dependent on the completion of the sale of CareMax’s management services organization and its clinical centers business. The news comes just a month after the Miami-based primary care provider filed Chapter 11 bankruptcy protections. As a […]
CareMax
PurposeCare acquires a number of agencies PurposeCare — a Lorient Capital-backed provider of home care and home health services — has acquired six agencies. The company purchased Purpose Home Health, Alliance Home Health Services, A1 Home Health Care and A1 Nursing Care, Newsome Home Health Care and Honor Home Health. “The need for well-coordinated care […]
A new blank-check company is hunting for aging-in-place businesses to take public. And unlike other senior care-related special purpose acquisition companies (SPACs) launched in the past year, this one — DTRT Health — is led by a well-known home care veteran with ample public experience. “There’s quite a number of fascinating public-ready companies of scale, […]
More and more primary care centers have chosen to specialize in serving seniors. In particular, companies such as CareMax Inc. (Nasdaq: CMAX), VillageMD and Humana Inc., mainly through its CenterWell Senior Primary Care arm, have all solidified their spots in the senior care sector by becoming a one-stop-shop for geriatric services. In the case of […]
The health care SPAC boom continues. On Friday, Deerfield Healthcare Technology Acquisitions Corp. (Nasdaq: DFHT) announced it is acquiring CareMax Medical Group and IMC Medical Group Holdings for $364 million and $250 million, respectively. The New York-based Deerfield — a special purpose acquisition company — says it plans on merging the two senior care organizations […]
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