UBS initiated coverage on CareMax with a new price target
$CMAX
Hospital/Nursing Management
Health Care
UBS initiated coverage of CareMax with a rating of Buy and set a new price target of $14.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 2/26/2024 | $1.50 → $7.50 | Buy → Hold | Jefferies |
| 11/17/2023 | $5.00 → $1.00 | Buy → Neutral | UBS |
| 11/10/2023 | $3.00 → $2.00 | Overweight → Neutral | Piper Sandler |
| 3/17/2023 | $7.00 → $4.00 | Outperform → Market Perform | TD Cowen |
| 9/7/2022 | $7.50 | Hold | Truist |
| 1/7/2022 | $14.00 | Buy | UBS |
| 10/20/2021 | $15.00 | Buy | Jefferies |
| 9/13/2021 | $14.00 | Neutral → Overweight | Piper Sandler |
ClareMedica Health Partners to become "Stalking Horse" Bidder to Acquire CareMax's Core Centers' Assets CareMax, Inc. (NASDAQ:CMAX, CMAXW)) ("CareMax" or the "Company"), a leading technology-enabled value-based care delivery system, today announced that it has entered into a "stalking horse" purchase agreement with ClareMedica Health Partners ("ClareMedica"), a leader in value-based primary care serving patients in Florida, pursuant to which ClareMedica will acquire CareMax's core centers' assets including a vast majority of CareMax's operating clinics (the "Core Centers' Assets"). The transaction will be implemented pursuant to a previously announced prearranged chapter 11 plan support
Revere Medical Enters into Agreement to Acquire CareMax's Management Services Organization Agreement in Principle Reached with "Stalking Horse" for Core Centers' Assets Sale Transactions to be Implemented Through an Expedited Prearranged Chapter 11 Plan Supported by 100% of CareMax's Secured Lenders CareMax Secures $30.5 Million in Debtor in Possession Financing to Support Operations and Continuing Provision of Healthcare Services Throughout Restructuring Process CareMax, Inc. (NASDAQ:CMAX, CMAXW)) ("CareMax" or the "Company"), a leading technology-enabled value-based care delivery system, today announced it has entered into an agreement to sell its management services organization
Second Quarter Medicare Advantage Membership of 104,000, up 1% year-over-year Second Quarter Total Revenue of $198.6 million, down 12% year-over-year CareMax, Inc. (NASDAQ:CMAX, CMAXW))) ("CareMax" or the "Company"), a leading technology-enabled value-based care delivery system, today announced financial results for the second quarter ended June 30, 2024. "Although our medical expense ratio continued to run higher than target levels, we were able to manage toward another quarter of sequential improvement in MER in the second quarter, and we continued to make progress against our clinical initiatives," said Carlos de Solo, Chief Executive Officer. Mr. de Solo continued, "Additiona