CareMax Acquires Senior Medical Associates to Further Expand Broward County Presence
Acquisition Adds 10 Medical Centers and Approximately 5,000 Medicare Advantage Members
CareMax, Inc. ("CareMax") (NASDAQ:CMAX, CMAXW))), a leading technology-enabled provider of value-based care to seniors, announced today the closing of the acquisition of Senior Medical Associates, LLC ("SMA"). SMA operates 10 conveniently located medical centers across Broward County with approximately 5,000 Medicare Advantage members in the SMA network. CareMax intends to use SMA's footprint as the foundation of CareMax's expansion initiative in Broward County, a market with more than 335,000 Medicare eligible beneficiaries. CareMax expects the transaction to be immediately accretive.
"We believe the a
