CareMax, Inc. Announces Board Leadership Transition
February 07 2022 - 4:30PM
Business Wire
CareMax, Inc. (“CareMax”) (NASDAQ: CMAX; CMAXW), a
leading technology-enabled provider of value-based care to seniors,
today announced the appointment of Mr. Jose R. Rodriguez as Chair
of CareMax’s board of directors, to succeed Mr. Richard A. Barasch,
who has resigned from the Board. Mr. Rodriguez has served as a
member of CareMax’s board of directors since June 2021 and
previously served as CareMax’s Lead Independent Director. Mr.
Barasch will continue to serve as an advisor to CareMax’s board of
directors.
“We are excited that Jose has agreed to lead CareMax’s board of
directors as we start our first full year as a public company. The
board and I believe Jose’s recognized leadership in corporate
governance, together with his experience running and auditing
large, complex organizations, including payors, providers and
Medicare Advantage arrangements, and serving on the board of
directors and as lead director of KPMG U.S. and Americas, will
serve the company well in his expanded role as Chair,” said Carlos
de Solo, CEO of CareMax. “We appreciate Richard’s immeasurable
contributions to CareMax’s transition to a public company, and his
service as Executive Chair since the business combination. I
believe we have laid the groundwork for CareMax to succeed in 2022,
having grown to more than 32,000 Medicare Advantage members as of
the end of 2021.”
“I am confident that the leadership team at CareMax has
positioned itself to grow the company’s value-based business model
and I am honored to have been chosen to lead the board during this
next chapter for CareMax,” said Mr. Rodriguez. “I am grateful for
Richard’s help in bringing CareMax to the public markets and am
excited to continue to build upon the progress he has made.”
“I continue to believe that CareMax’s model of value-based care
and chronic disease management is an effective way to lower
healthcare costs and improve patient outcomes in Medicare
Advantage, especially for dual eligible beneficiaries and those
with chronic conditions,” said Mr. Barasch. “I am proud of the work
that CareMax has done for these underserved communities and believe
that the company has significant opportunities ahead of it.”
About CareMax
CareMax is a technology-enabled care platform providing
value-based care and chronic disease management to seniors. CareMax
operates medical centers that offer a comprehensive suite of
healthcare and social services, and a proprietary software and
services platform that provides data, analytics, and rules-based
decision tools/workflows for physicians across the United States.
CareMax is listed on the Nasdaq Stock Market under the trading
symbol “CMAX.” Learn more at www.caremax.com.
Forward-Looking Statements
This press release contains forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933, as
amended, Section 21E of the Securities Exchange Act of 1934, as
amended, and the Private Securities Litigation Reform Act of 1995,
as amended. These forward-looking statements include statements
regarding our future growth and strategy. Words such as
“anticipate,” “believe,” “budget,” “contemplate,” “continue,”
“could,” “envision,” “estimate,” “expect,” “guidance,” “indicate,”
“intend,” “may,” “might,” “plan,” “possibly,” “potential,”
“predict,” “probably,” “pro-forma,” “project,” “seek,” “should,”
“target,” or “will,” or the negative or other variations thereof,
and similar words or phrases or comparable terminology, are
intended to identify forward-looking statements. These
forward-looking statements reflect the Company’s expectations,
plans or forecasts of future events and views as of the date of
this press release. These forward-looking statements are not
guarantees of future performance, conditions or results, and
involve a number of known and unknown risks, uncertainties,
assumptions and other important factors, many of which are outside
the Company’s control, that could cause actual results or outcomes
to differ materially from those discussed in the forward-looking
statements.
Important risks and uncertainties that could cause the Company’s
actual results and financial condition to differ materially from
those indicated in forward-looking statements include, among
others, the impact of board leadership changes, the impact of
COVID-19 or any variant thereof on the Company’s business and
results of operation; the availability of sites for medical
facilities and the costs of opening such medical facilities;
changes in market or industry conditions, regulatory environment,
competitive conditions, and receptivity to the Company’s services;
the Company’s ability to continue its growth, including in new
markets; changes in laws and regulations applicable to the
Company’s business, in particular with respect to Medicare
Advantage and Medicaid; the Company’s ability to maintain its
relationships with health plans and other key payers; any delay,
modification or cancellation of government contracts; the Company’s
future capital requirements and sources and uses of cash, including
funds to satisfy its liquidity needs; the Company or any other
party’s ability to fulfill contractual obligations; and the
Company’s ability to recruit and retain qualified team members and
independent physicians. For a detailed discussion of the risk
factors that could affect the Company’s actual results, please
refer to the risk factors identified in the Company’s reports filed
with the SEC. All information provided in this press release is as
of the date hereof, and the Company undertakes no duty to update or
revise this information unless required by law, and forward-looking
statements should not be relied upon as representing the Company’s
assessments as of any date subsequent to the date of this press
release.
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version on businesswire.com: https://www.businesswire.com/news/home/20220207005857/en/
CareMax, Inc. Samantha
Swerdlin, VP Investor Relations (847) 924-8980
samantha.swerdlin@caremax.com
The Equity Group Inc. Devin
Sullivan, SVP (212) 836-9608 dsullivan@equityny.com
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