November 18, 2024 – Revere Medical, an employed medical group and provider affiliate network with operations across 6 states, has entered into an agreement with CareMax (NASDAQ: CMAX, CMAXW) (“CareMax”), a leading technology-enabled value-based care delivery system, pursuant to which Revere Medical will acquire the Medicare Shared Savings Program portion of CareMax’s management services organization (“MSO”) that supports care provided to approximately 80,000 Medicare beneficiaries.
CareMax’s MSO is an established Accountable Care Organization that drives engagement and better experience for patients, while improving quality and reducing costs to the healthcare system. “The acquisition of CareMax’s MSO directly complements the vision of our recent Stewardship acquisition. We are excited to offer a model to our employed and affiliated providers that truly provides care to the entire community across all payor lines and reimbursement models, both fee-for-service and value-based”, said Revere Medical CEO, Benson Sloan.
The transaction will be implemented pursuant to CareMax’s prearranged voluntary Chapter 11 proceedings and is subject to related court approval and customary regulatory approval and closing conditions. Revere Medical anticipates that the transaction will close in Q1 2025.
About Revere Medical
Revere Medical is headquartered in Nashville, Tennessee, and operates an employed medical group and affiliate provider network across 6 states.
For more information, please visit www.reveremedical.com