Deerfield Healthcare Expertise Acquisitions Corp. (“DFHT”) (NASDAQ: DFHT), a special purpose acquisition firm sponsored by Deerfield Administration Firm, an affiliate of LP (“Deerfield”), and Richard Barash, a veteran healthcare public firm government and investor today announced that it has closed its enterprise mix with CareMax Medical Group, LLC and is creating IMC Medical Group Holdings LLC (“IMC”), a technology-enabled care platform that provides seniors with value-based care and continuous Provides disease administration.
As reported earlier, the transaction was accepted at a special meeting of shareholders of DFHT held on June 4, 2021.
Mixed firm, renamed CareMax, Inc. (“CareMax”) is expected to begin buying and selling on the Nasdaq World Choice Market under its Class A standard listing and public warrants brand new buy and sell symbols “CMAX”. and “CMAXW”, starting Wednesday, June 9, 2021, respectively.
Shortly after closing, CareMax will personalize and function 26 multispecialty medical facilities throughout South Florida. CareMax recently signed definitive agreements for 4 acquisitions it believes may be accretive, overlaying approximately 3,600 full and partial hazard Medicare lives.
Two of these acquisitions closed recently and the remaining two acquisitions are subject to normal closing conditions and are expected to close during the second quarter of this year.
CareMax will grow led by its experienced group of business professionals with Chief Government Officer, Carlos De Solo; Vice President of Government, William Lamorrow; Chief Monetary Officer, Kevin Virges; Chief Medical Officer, Niberto Moreno MD; Chief Executive Officer, Albert De Solo; and Chief Tech Officer, Ben Quirk.
“On behalf of the group at DFHT and Deerfield, I am very pleased to announce the closure of this enterprise mix,” noted Richard Barsh, who will serve as CareMax’s government chairman. “The CareMax Group has created a foundational senior-focused healthcare supply platform that combines high touch affected person care, vertical care coordination and supply, and a highly scalable expertise backbone.
We envision that this differentiated mannequin essentially facilitates the members to receive the appropriate care at the appropriate time in the most eco-friendly setting. CareMax has become a platform of choice for payers, suppliers and victims. Working collaboratively, we envision that the success that Caremax has achieved at the regional level will be replicated in various markets across the country.
“We look forward to this later exciting part of our progress as a public firm,” said Mr. De Solo. “We created the CareMax platform to handle a primary flaw in our nation’s health care system: the current fee-for-service enterprise mannequins are aging and failing the taxpayer.
By early intervention at the first care level, we have now shown that We are able to enhance patient outcomes and reduce senior health care expenses through continued disease prevention and administration.
We anticipate growing organically and through acquisitions, while remaining caring for each affected individual. and provide long-term shareholder value. We envision that our pipeline for acquisitions continues to be strong as suppliers search to align themselves with the effigy of our value-based care .
With approximately 65% of CareMax’s Medicare Benefit victims eligible for double-eligible and low-income subsidies as of December 31, 2020, CareMax focuses on offering access to key quality care in underserved communities. Caremax has contractual relationships with some of the largest and The most established payer within the business.
CareMax’s complete, highly tactile approach to healthcare supply is powered by its Care Optimize expertise platform, a proprietary end-to-end expertise solution that uses synthetic intelligence to assist and focus additional knowledgeable care supply choices. and collects and analyzes knowledge using machine study. Preventive continual disease management and care options on the social determinants of health.
The Care Optimize technology platform gives CareMax a national reach following its presence in South Florida. As of December 31, 2020, the CareOptimize platform was used by approximately 20,000 suppliers in over 30 states, including IMC, which CareMax believes will facilitate assemblage and operations of the mixed firm, as well as a potential future will offer a pipeline for acquisition of
The enterprise mix was funded by approximately $144 million in funds held within the DFHT trust account, with more than $400 million through an individual placement in public fairness Deerfield, Constancy Administration & Analysis, LLC, Eminence Capital, LP, Funds and accounts were managed. by BlackRock.