CareMax, Inc. Warrant - CMAXW STOCK NEWS

CareMax reported a strong second quarter in 2022, achieving Medicare Advantage membership of 37,000, up 72% year-over-year, and total revenue of $172.3 million, reflecting an impressive 284% increase year-over-year. The company announced a proposed acquisition of Steward Health Care System's Medicare value-based care business, which is projected to enhance revenue and Adjusted EBITDA immediately. CareMax raised its 2022 guidance, now projecting membership growth to over 40,000 and revenue between $580 million and $600 million, marking a 44% to 49% increase.

CareMax, Inc. (NASDAQ: CMAX; CMAXW) will announce its Q2 2022 financial results on August 9, 2022, before market opening. A conference call at 8:30 am ET will follow to discuss these results. The call can be accessed at (888) 440-6519 for U.S. participants or (646) 960-0384 for international ones, using conference ID 4345921. A live webcast and replay will be available on its investor relations website.

CareMax, Inc. (NASDAQ: CMAX; CMAXW), a technology-enabled provider of value-based care for seniors, announces senior management participation in a fireside chat at the Jefferies Healthcare Conference in New York City on June 9, 2022, at 4:00 pm EDT. A live webcast will be available on their investor relations website. CareMax specializes in chronic disease management and operates medical centers offering a range of healthcare services nationwide, supported by advanced data analytics and decision tools for physicians.

CareMax, Inc. (NASDAQ: CMAX, CMAXW), a prominent provider of value-based care to seniors, announced its participation in a fireside chat at the UBS Global Healthcare Conference on May 25, 2022, at 8:30 am EST in New York City. The company offers a technology-enabled platform for chronic disease management and healthcare services through its medical centers across the United States. A live webcast of the event will be accessible via CareMax’s investor relations website.

CareMax reported a strong start to 2022 with Medicare Advantage membership reaching 34,000, a 106% increase year-over-year. Total revenue soared to $136.9 million, marking a 390% rise from $27.9 million in Q1 2021. The company reaffirmed its full-year guidance with expectations of 38,000 to 40,000 Medicare Advantage members and total revenue between $540 million and $560 million. Adjusted EBITDA projected between $30 million and $40 million, a substantial year-over-year increase. The company also entered a $300 million credit agreement to support growth strategies.

CareMax, Inc. (NASDAQ: CMAX; CMAXW) will announce its financial results for Q1 2022 on May 10, 2022, before market opening. A conference call will follow at 8:30 am ET to discuss the results and company activities. CareMax focuses on value-based care for seniors, operating medical centers with comprehensive healthcare services and a proprietary software platform for physicians. Investors can access the live audio webcast on CareMax's investor relations website.

CareMax, a leader in value-based care for seniors, has been recognized as one of Modern Healthcare’s 2022 Top Innovators. Chief Strategy Officer, Ben Quirk, highlighted the importance of innovation in health care, particularly following the pandemic. Quirk's initiatives in capitated and risk models, along with the development of a web-based provider engagement platform, have led to significant clinical and financial improvements. The honorees are featured in the April 4 issue of MH magazine and online.

CareMax reported strong growth for 2021, with Medicare Advantage membership increasing 103% to 33,500. Full-year GAAP revenue rose 186% to $295.8 million, while Pro Forma revenue reached $403.3 million, up 20% year-over-year. The company plans to expand membership by 13% to 19% in 2022, targeting total revenue between $540 million and $560 million. Despite a GAAP net loss of $6.7 million, Adjusted EBITDA improved to $13.3 million. The company opened new centers in Memphis and New York, achieving a Five-Star Quality rating and a Net Promoter Score of 96.7 for member satisfaction.

CareMax, Inc. (NASDAQ: CMAX; CMAXW), a leader in value-based care for seniors, announced its participation in two key investor conferences this March. The events include Cowen’s 42nd Annual Health Care Conference on March 9, 2022, at 9:10 am ET and Barclays Global Healthcare Conference on March 16, 2022, at 3:50 pm ET. Live webcasts and replays of these presentations will be accessible via the CareMax investor relations website. The company continues to focus on providing comprehensive healthcare services and advanced technology solutions for chronic disease management.