Miami, Florida-based CareMax health care network filed for bankruptcy on Sunday after reportedly being unable to pay back loans amid rising interest rates and other inflationary pressures.
CareMax filed its Chapter 11 petition in the U.S. Bankruptcy Court for the Northern District of Texas. The company listed assets in a range of $100 million to $500 million, liabilities between $500 million and $1 billion, and the number of creditors between 5,001 and 10,000.
Founded in 2011, CareMax has two primary business lines: a management services organization and clinical care centers. The health system operates 46 clinical centers, out of which 40 are in Florida, with the remaining in Texas, Louisiana, and other states. It employs around 1,100 workers and serves roughly 260,000 patients annually….