What Happened to CareMax?
Return
0.0%
Current Price
$0
Peak Price
â
Trust Size
$454M
Summary
CareMax was a value-based healthcare provider operating 56 medical centers in Florida, Texas, Tennessee, and New York, primarily serving Medicare Advantage patients. The company went public via SPAC merger with Dune Acquisition Corporation in 2021. CareMax filed for Chapter 11 bankruptcy in November 2024.
What Happened
Dune Acquisition Corporation merged with CareMax in June 2021. The healthcare company grew aggressively through acquisitions but was hit by rising costs and exposure to the Steward Health Care bankruptcy. CareMax was delisted from Nasdaq in September 2024 and filed for Chapter 11 in November 2024 with a prearranged reorganization plan.
Timeline
2020-07-15
S-1 Registration Filed
2021-05-14
Merger Proxy Filed (DEFM14A)
2025-02-21
Last SEC Filing