CareMax, Inc. Warrant - CMAXW STOCK NEWS

CareMax, Inc. will participate in a fireside chat at the Jefferies Healthcare Conference on June 7, 2023. CEO Carlos de Solo and CFO Kevin Wirges will discuss the company's value-based care to seniors.

CareMax, Inc. (NASDAQ: CMAX; CMAXW) announced its financial results for Q1 2023. The company reported a Medicare Advantage membership of 95,500, up 181% YoY, and a total revenue of $173.0 million, up 26% YoY. The net loss for the quarter was $82.1 million, compared to a net loss of $16.8 million in Q1 2022. Adjusted EBITDA was negative $0.1 million, compared to $3.8 million in Q1 2022. CareMax reaffirmed its full year 2023 guidance, projecting a year-end Medicare Advantage membership of 110,000 to 120,000 and a total revenue of $700 million to $750 million.

CareMax, Inc. (NASDAQ: CMAX; CMAXW) announced it will release its first quarter 2023 financial results on May 10, 2023, before market opening. The company will host a conference call at 8:30 AM ET the same day to discuss these results. Participants can join via phone or through a live audio webcast, available on CareMax’s investor relations website. Established in 2011, CareMax delivers value-based care to seniors through a proprietary technology platform and multi-specialty health model, operating over 2,000 employed and affiliated providers in 10 states. The firm aims to enhance healthcare quality while reducing costs and promoting equity for senior populations.

CareMax, a leading technology-enabled value-based care delivery system, reported strong financial results for the full year 2022, exceeding guidance for membership and revenue. Year-end Medicare Advantage membership reached 93,500, a 179% increase year-over-year, while total revenue climbed to $631 million, up 113% from 2021. The company also expanded its operations, concluding 2022 with 62 centers. Looking ahead, CareMax forecasts 2023 Medicare Advantage membership of 110,000 to 120,000 and total revenue between $700 million and $750 million. Adjusted EBITDA is expected to rise to $25 million to $35 million. The company also increased its credit facility by $60 million.

CareMax (NASDAQ: CMAX; CMAXW) will host an Investor Day on March 13, 2023, in Miami at 9:00 am ET. The event will feature discussions on strategic priorities and financial outlook, followed by a Q&A session. Attendees must register in advance through CareMax’s Investor Day site.

Additionally, CareMax will release its fourth quarter and full year 2022 results on March 9, 2023, before market opening, followed by a conference call at 8:30 am ET.

CareMax (NASDAQ: CMAX; CMAXW), a technology-enabled provider of value-based care to seniors, announces that CEO Carlos de Solo, COO Albert de Solo, and CFO Kevin Wirges will present at the 41st Annual J.P. Morgan Healthcare Conference on January 12, 2023, at 11:15 AM ET. Investors can access a live webcast and replay on CareMax's investor relations site. Established in 2011, CareMax operates in 10 states with over 2,000 providers, focusing on comprehensive care, reducing costs, and improving outcomes for seniors.

CareMax has successfully acquired the Medicare value-based care business of Steward Health Care System, positioning itself as a major player in senior-focused healthcare.

The transaction, valued at $25 million in cash plus 23.5 million shares, expands CareMax's provider network to around 2,000 and serves over 200,000 patients.

The deal is forecasted to boost revenue and Adjusted EBITDA immediately while integrating Steward's extensive Medicare Advantage network. The acquisition is a strategic move to enhance the delivery of value-based services to seniors nationwide.

CareMax, Inc. (NASDAQ: CMAX; CMAXW) reported strong Q3 2022 results with total revenue reaching $157.7 million, an increase of 51% year-over-year. The company achieved a 49% year-over-year growth in Medicare Advantage membership, totaling 39,500. Despite a net loss of $22.1 million or $(0.25) per diluted share, adjusted EBITDA significantly improved to $9.2 million. CareMax is raising its full-year revenue guidance to $600 million to $620 million, excluding impacts from the upcoming acquisition of Steward Health Care System's Medicare business.

CareMax, Inc. (NASDAQ: CMAX; CMAXW) announced it will release its third quarter 2022 financial results on November 9, 2022, prior to market opening. A conference call to discuss these results will follow at 8:30 am ET. The call is accessible via phone and will be hosted on CareMax's investor relations website. The company provides technology-enabled value-based care for seniors, operating medical centers across the U.S. and offering a suite of healthcare services.