Caremax, Inc. Completes Acquisition Of Medicare Value-Based Care Business Of Steward Health Care System
Acquiring Company
CareMax
Acquired Company
Steward Health Care Network
WestwoodFinancial ServicesSoftwareHealth CareHealth CareMedicalDescription
CareMax, Inc. (NASDAQ: CMAX; CMAXW) (“CareMax” or the “Company”), a leading technology-enabled provider of value-based care to seniors, today announced that it has completed its acquisition of the Medicare value-based care business of Steward Health Care System (“Steward”), establishing CareMax as one of the largest independent senior-focused value-based care platforms in the U.S. The Medicare value-based care business of Steward includes a Medicare Direct Contracting Entity (“DCE”) and two Medicare Shared Savings Program (“MSSP”) accountable care organizations (“ACOs”), one of which is one of the nation’s largest ACOs.
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Frequently asked
Who acquired Steward Health Care Network?
Steward Health Care Network was acquired by CareMax. The deal was reported on November 11, 2022. CareMax is a technology-enabled care platform providing value-based care and chronic disease management to seniors. CareMax is privately held and operates in Financial Services.
When did CareMax acquire Steward Health Care Network?
CareMax's acquisition of Steward Health Care Network was reported on November 11, 2022. CareMax, Inc. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Steward Health Care Network do?
Steward Health Care is a healthcare company that operated St. Anne’s Hospital, Morton Hospital, and Holy Family Hospital. These hospitals are significant healthcare providers in Massachusetts, offering a wide range of medical services to the local communities. It is privately held, operating in Health Care, and is based in Westwood.
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