.Primary health care supplier CareMax, which operates 56 medical facilities around Fla, Texas, Tennessee as well as The big apple, applied for Phase 11 bankruptcy in Texas on Sunday.The provider operates facilities largely for much older patients.The Miami-based business listed financial debts of greater than $690 thousand and also resources of $390 million, according to a filing along with the united state Bankruptcy Courtroom for the Northern District of Texas secured through United States TODAY Wednesday.In August, the company published its own second-quarter results, consisting of a loss of more than $170 million and also gave out a going-concern warning.CareMax said it was actually certainly not heading to manage to file a third-quarter record to the U.S. Securities and also Exchange Compensation as a result of a shortage of funds, Reuters reported.Here’s what to know.What occurs with CareMax now?A press release Sunday, CareMax mentioned it is planning to work toward a sale for each its administration solutions and also primary facilities assets. The business likewise mentioned it is actually looking for to proceed typical functions in its own facilities and also payment of salaries to its own doctors as well as nurses.CareMax has likewise tapped the services of Alvarez & Marsal as economic consultants and also Piper Sandler as a financial investment bank, depending on to the personal bankruptcy release.Other medical providers facing personal bankruptcy this yearIn May, Massachusetts-based Steward Health Care applied for bankruptcy, looking for to offer each one of its 31 medical facilities and also $9 billion in the red.
Chief executive officer Ralph de la Torre ran the gauntlet as he picked up greater than $100 thousand in payment and also bought a $40 thousand private yacht while workers at Steward hospitals fussed concerning a lack of essential products, depending on to the Senate Board on Health, Education, Work and Pensions.In September, the committee authorized a settlement seeking cordial enforcement as well as an illegal antipathy fee from de Los Angeles Torre after he resisted a court order earlier that month.Contributing: Ken Alltucker, USA TODAY.Fernando Cervantes Jr. is actually a trending updates press reporter for U.S.A. TODAY.
Reach him at fernando.cervantes@gannett.com as well as observe him on X @fern_cerv_.