Private company
CareMax, Inc.
CareMax, Inc. is an American nursing and personal care facilities services company based in Miami.1
Last updated Oct 21, 2026.
Overview
- IndustryServices-Nursing & Personal Care Facilities1
- HeadquartersMiami, Florida1
- Incorporated inDE3
- Business address1000 Nw 57Th Court, Suite 400, Miami, Fl 331263
- Filer category, Emerging growth company3
- Legal formCorporation
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CareMax, Inc. (“CareMax,” the “Company,” “we,” “us,” and “our”), formerly Deerfield Healthcare Technology Acquisitions Corp. (“DFHT”), a Delaware corporation, is a technology-enabled care platform providing high-quality, value-based care and chronic disease management through physicians and health care professionals committed to the overall health and wellness continuum of care for its patients.5 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2023
Where the money goes
Where each dollar of revenue went, fiscal 2023
- Other costs100¢$750.2M
- Income tax0¢$863.0K
Out of $751.1M in revenue.2 The company lost money this year.
Financial statements
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|
| Revenue | $103.4M6 | $295.8M7 | $631.1M2 | $751.1M2 | |
| Operating expenses | $324.6M7 | $743.3M2 | $1.4B2 | ||
| Operating income | $9.7M6 | -$28.8M7 | -$112.2M2 | -$656.2M2 | |
| Income before tax | -$6.5M7 | -$57.3M2 | -$684.2M2 | ||
| Income tax | $06 | $159.0K7 | -$19.5M2 | -$863.0K2 | |
| Net income | $7.6M6 | -$6.7M7 | -$37.8M2 | -$683.3M2 | |
| Earnings per share | $0.706 | -$0.137 | -$12.492 | -$183.312 | |
| Earnings per share (diluted) | $0.706 | -$0.137 | -$12.492 | -$183.312 | |
| Shares (weighted, basic) | 52.6M shares7 | 3.0M shares2 | 3.7M shares2 | ||
| Shares (weighted, diluted) | 52.6M shares7 | 3.0M shares2 | 3.7M shares2 |
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|
| Cash | $4.4M6 | $900.0K11 | $47.9M7 | $41.6M2 | $65.5M2 |
| Receivables | $42.0M7 | $151.7M2 | $114.8M2 | ||
| Inventory | $550.0K7 | $723.0K7 | |||
| Current assets | $14.9M6 | $94.8M7 | $197.3M2 | $183.3M2 | |
| Property, plant and equipment | $16.0M7 | $21.0M2 | $47.9M2 | ||
| Goodwill | $464.6M2 | $700.6M2 | $156.8M2 | ||
| Intangible assets | $59.8M7 | $123.6M2 | $101.2M2 | ||
| Total assets | $38.5M6 | $653.1M7 | $1.2B2 | $623.3M2 | |
| Accounts payable | $3.1M7 | $7.7M2 | $6.3M2 | ||
| Short-term debt | $6.3M7 | $30.5M2 | $364.4M2 | ||
| Current liabilities | $5.5M6 | $22.0M7 | $77.3M2 | $438.8M2 | |
| Long-term debt | $26.3M6 | $111.0M7 | $230.7M2 | $21.4M2 | |
| Total liabilities | $31.8M6 | $147.7M7 | $551.2M2 | $561.9M2 | |
| Retained earnings | $33.0K7 | -$37.6M2 | -$720.9M2 | ||
| Shareholders’ equity | $4.9M6 | $6.7M7 | $505.4M2 | $619.5M2 | $61.4M2 |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|
| Cash from operations | $5.3M6 | -$23.9M7 | -$68.2M2 | -$46.9M2 | |
| Depreciation and amortization | $13.2M7 | $21.7M2 | $27.8M2 | ||
| Stock-based compensation | $1.3M7 | $10.3M2 | $10.6M2 | ||
| Capital spending | $2.2M6 | $4.0M7 | $7.5M2 | $14.6M2 | |
| Free cash flow | $3.2M | -$27.8M | -$75.7M | -$61.5M | |
| Cash from investing | -$316.6M7 | -$62.5M2 | -$14.6M2 | ||
| Cash from financing | $383.4M7 | $124.4M2 | $85.4M2 |
Corporate structure
CareMax, Inc. sits at the top of its group. 6 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of CareMax, Inc.
- EMINENCE CAPITAL, LP Filed SCHEDULE 13G/A on CareMax, Inc., latest Feb 14, 2025 (4 filings since Feb 14, 2022)
- Morgan Stanley Filed SCHEDULE 13G/A on CareMax, Inc., latest Jan 7, 2025 (2 filings since Feb 12, 2024)
- DEERFIELD MANAGEMENT COMPANY, L.P. Filed SC 13D/A on CareMax, Inc., latest Mar 13, 2023 (5 filings since Jan 28, 2022)
- Athyrium Opportunities III Acquisition 2 LP Filed SC 13G/A on CareMax, Inc., latest Feb 14, 2023 (2 filings since Feb 11, 2022)
- de la Torre Ralph Filed SC 13D on CareMax, Inc., latest Nov 22, 2022
- FMR LLC Filed SC 13G/A on CareMax, Inc., latest Feb 9, 2022
- CareMax, Inc. Miami, Florida
- Care Optimize LLC Subsidiary · Delaware, United States
- CareMax Holdings, LLC Subsidiary · Delaware, United States
- CareMax Medical Group, L.L.C. Subsidiary · Florida, United States
- IMC Medical Group Holdings, LLC Subsidiary · Florida, United States
- Managed Healthcare Partners L.L.C. Subsidiary · Florida, United States
Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What CareMax, Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Property and equipment, before depreciation | $62.3M2 Dec 31, 2023 | $31.6M2 Dec 31, 2022 | +97.2% |
| Accumulated depreciation | $14.4M2 Dec 31, 2023 | $10.6M2 Dec 31, 2022 | +36.0% |
| Property and equipment, net | $47.9M2 Dec 31, 2023 | $21.0M2 Dec 31, 2022 | +128.1% |
| Finance-lease assets | $18.6M2 Dec 31, 2023 | ||
| Operating-lease assets (leased space) | $109.2M2 Dec 31, 2023 | $108.9M2 Dec 31, 2022 | +0.3% |
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Cash and cash equivalents | $65.5M2 Dec 31, 2023 | $41.6M2 Dec 31, 2022 | +57.4% |
Intangibles and goodwill
| Item | Latest | A year before | Change |
|---|---|---|---|
| Goodwill | $156.8M2 Dec 31, 2023 | $700.6M2 Dec 31, 2022 | −77.6% |
| Intangible assets, net (excluding goodwill) | $101.2M2 Dec 31, 2023 | $123.6M2 Dec 31, 2022 | −18.1% |
| Finite-lived intangibles, gross | $151.7M2 Dec 31, 2023 | $151.7M2 Dec 31, 2022 | 0% |
| Accumulated amortization | $50.5M2 Dec 31, 2023 | $28.1M2 Dec 31, 2022 | +79.5% |
| Finite-lived intangibles, net | $101.2M2 Dec 31, 2023 | $123.6M2 Dec 31, 2022 | −18.1% |
Inventory
Leadership
Who has led CareMax, Inc., and when. Pick a name to see everywhere that person has worked.
Chief executive
President
Chief financial officer
Chief operating officer
- Chief executive officerSolo Carlos A. De Jun 10, 2021 to Jun 12, 202313
- ChairRichard A. Barasch Jul 16, 2020 to Jul 16, 202014
- PresidentSolo Carlos A. De Jun 10, 2021 to Jun 12, 202313
- Chief financial officerKevin Wirges Jun 10, 2021 to Jun 12, 202315
- Chief financial officerChris Wolfe Jul 16, 2020 to Jul 16, 202016
- Chief operating officerSolo Alberto De Jun 10, 2021 to Jun 12, 202317
Board members and other officers (16)
- Chief Restructuring OfficerPaul Brent Rundell Jun 20, 2024 to Jun 20, 202418
- Executive Vice PresidentWilliam C. Lamoreaux Jun 10, 2021 to Jun 10, 202119
- Board memberEdward Borkowski Oct 2, 2024 to Oct 2, 202420
- Board memberKevin Berg Nov 10, 2022 to Nov 21, 202321
- Board memberRyan Oquinn Nov 14, 2022 to Nov 21, 202322
- Board memberJennifer L. Carter Jun 10, 2021 to Apr 5, 202223
- Board memberRandy Simpson Jun 10, 2021 to Apr 5, 202224
- Board memberRichard A. Barasch Jun 10, 2021 to Jun 10, 202125
- Board memberSolo Carlos A. De Jun 10, 2021 to Jun 12, 202313
- Board memberBryan Cho Jul 14, 2021 to Jun 12, 202326
- Board memberBeatriz Maria Assapimonwait Sep 24, 2021 to Jun 12, 202327
- Board memberVincent Omachonu Nov 2, 2021 to Jun 12, 202328
- Board memberDavid Shulkin Jul 16, 2020 to Jun 12, 202329
- Board memberJames E. Flynn Jul 16, 2020 to Nov 21, 202330
- Board memberLawrence Atinsky Jul 16, 2020 to Jun 10, 202131
- Board memberLinda S. Grais Jul 16, 2020 to Jul 16, 202032
Named in SEC Form D filings
People the company listed in its private-offering notices.
Subsidiaries and ownership
Subsidiaries (Exhibit 21)
- Care Optimize LLC Delaware4
- CareMax Holdings, LLC Delaware4
- CareMax Medical Group, L.L.C. Florida4
- IMC Medical Group Holdings, LLC Florida4
- Managed Healthcare Partners L.L.C. Florida4
The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.
Former names
- Deerfield Healthcare Technology Acquisitions Corp.Jun 4, 2020 to Jun 14, 20213
Timeline
- Feb 3, 20258-K Ended a material agreement; Bankruptcy or receivership; Completed an acquisition or sale34
- Jan 3, 20258-K Regulation FD disclosure35
- Dec 26, 20248-K New debt or obligation36
- Nov 25, 20248-K Entered a material agreement; Bankruptcy or receivership; Executive or director change37
- Nov 18, 20248-K Entered a material agreement; Bankruptcy or receivership; Debt or obligation accelerated38
- Nov 12, 20248-K Entered a material agreement; New debt or obligation39
- Nov 4, 20248-K Entered a material agreement; New debt or obligation40
- Oct 28, 20248-K Entered a material agreement; New debt or obligation41
- Oct 21, 20248-K New debt or obligation42
- Oct 15, 20248-K Entered a material agreement; New debt or obligation43
- Oct 7, 20248-K Entered a material agreement; New debt or obligation44
- Sep 30, 20248-K Entered a material agreement; New debt or obligation45
- Jun 10, 2021New chief executive Solo Carlos A. De becomes CEO13
Calendar
When it reported results
- Aug 9, 2024Reported quarterly or annual results46
- May 9, 2024Reported quarterly or annual results47
- Mar 18, 2024Reported quarterly or annual results48
- Nov 9, 2023Reported quarterly or annual results49
- Aug 9, 2023Reported quarterly or annual results50
- May 10, 2023Reported quarterly or annual results51
- Mar 9, 2023Reported quarterly or annual results52
- Nov 9, 2022Reported quarterly or annual results53
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
216 filings to the SEC since October 2021: 6 annual reports, 16 quarterly reports, 60 major events, 66 insider forms, 15 large holders, 2 private raises, 51 other. The latest 20:
- Feb 21, 202515-12G EDGAR
- Feb 14, 2025SCHEDULE 13G/A EDGAR
- Feb 5, 2025EFFECT EDGAR
- Feb 5, 2025EFFECT EDGAR
- Feb 3, 20258-K EDGAR
- Feb 3, 2025S-8 POS EDGAR
- Feb 3, 2025S-8 POS EDGAR
- Feb 3, 2025POS AM EDGAR
- Feb 3, 2025POS AM EDGAR
- Jan 7, 2025SCHEDULE 13G/A EDGAR
- Jan 3, 20258-K EDGAR
- Dec 26, 20248-K EDGAR
- Nov 25, 20248-K EDGAR
- Nov 18, 20248-K EDGAR
- Nov 13, 2024NT 10-Q EDGAR
- Nov 12, 20248-K EDGAR
- Nov 4, 20248-K EDGAR
- Oct 28, 20248-K EDGAR
- Oct 21, 20248-K EDGAR
- Oct 15, 20248-K EDGAR
The 216 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
1 open-market trades by officers, directors and large owners since October 2021: 1 buys and 0 sales. Grants, option exercises and gifts are left out.
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- EMINENCE CAPITAL, LPSCHEDULE 13G/A, 4 filings Feb 14, 2022 to Feb 14, 202554
- Morgan StanleySCHEDULE 13G/A, 2 filings Feb 12, 2024 to Jan 7, 202555
- DEERFIELD MANAGEMENT COMPANY, L.P.SC 13D/A, 5 filings Jan 28, 2022 to Mar 13, 202356
- Athyrium Opportunities III Acquisition 2 LPSC 13G/A, 2 filings Feb 11, 2022 to Feb 14, 202357
- La Torre Ralph DeSC 13D, 1 filing Nov 22, 202258
- FMR LLCSC 13G/A, 1 filing Feb 9, 202259
Money raised
Private offerings the company reported to the SEC on Form D.
SEC filer profile
How CareMax, Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARCareMax, Inc.1
- CIK0001813914
- Employer ID (EIN)85-09922241
- Filer status<br>emerging growth company1
- Incorporated inDelaware1
- Fiscal year endsDecember 311
- Industry code (SIC)8050 Services-Nursing & Personal Care Facilities1
- SEC reviewing officeOffice of Industrial Applications and Services, Division of Corporation Finance1
- Business address1000 Nw 57Th Court, Suite 400, Miami, FL 331261
- Phone305-686-39121
- Public float$226.1M as of Jun 30, 202360
- On EDGAR sinceJun 4, 20201
- Filings329 in all: 8-K (76), 4 (74), 3 (25), 10-Q (13), CORRESP (13), UPLOAD (13), 424B3 (10), DEFA14A (9)1
All 40 form types
10-Q/A (8), SC 13D/A (8), SC 13G (8), EFFECT (6), SC 13G/A (6), D (5), 10-K (4), 10-K/A (4), 8-K/A (4), DEF 14A (3), NT 10-Q (3), POS AM (3), PRER14A (3), S-1 (3), SC 13D (3), 25-NSE (2), 8-A12B/A (2), NT 10-K (2), PRE 14A (2), S-1/A (2), S-8 (2), S-8 POS (2), SCHEDULE 13G/A (2), 15-12G (1), 424B4 (1), 425 (1), 8-A12B (1), ARS (1), CERT (1), DEFM14A (1), DRS (1), PREM14A (1)
- Latest filingsAnnual report (10-K) Mar 18, 2024
Quarterly report (10-Q) Aug 9, 2024
Proxy statement (DEF 14A) Dec 21, 2023
Latest 8-K (8-K) Feb 3, 2025
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1SEC EDGARCareMax, Inc. filings on SEC EDGAR
- 2SEC EDGARCareMax, Inc. 10-K for fiscal 2023
- 3SEC EDGARCareMax, Inc. filings on SEC EDGAR
- 4
- 5
- 6SEC EDGARCareMax, Inc. 10-K for fiscal 2020
- 7SEC EDGARCareMax, Inc. 10-K for fiscal 2021
- 8SEC EDGARCareMax, Inc. 10-Q for fiscal 2023
- 9SEC EDGARCareMax, Inc. 10-Q for fiscal 2023
- 10SEC EDGARCareMax, Inc. 10-Q for fiscal 2024
- 11SEC EDGARCareMax, Inc. 10-K for fiscal 2020
- 12SEC EDGARCareMax, Inc. 10-Q for fiscal 2023
- 13
- 14SEC EDGARRichard A. Barasch, Chair
- 15
- 16SEC EDGARChris Wolfe, Chief financial officer
- 17
- 18
- 19
- 20SEC EDGAREdward Borkowski, Board member
- 21SEC EDGARKevin Berg, Board member
- 22SEC EDGARRyan Oquinn, Board member
- 23SEC EDGARJennifer L. Carter, Board member
- 24SEC EDGARRandy Simpson, Board member
- 25SEC EDGARRichard A. Barasch, Board member
- 26SEC EDGARBryan Cho, Board member
- 27
- 28SEC EDGARVincent Omachonu, Board member
- 29SEC EDGARDavid Shulkin, Board member
- 30SEC EDGARJames E. Flynn, Board member
- 31SEC EDGARLawrence Atinsky, Board member
- 32SEC EDGARLinda S. Grais, Board member
- 33
- 34
- 35SEC EDGARRegulation FD disclosure
- 36SEC EDGARNew debt or obligation
- 37
- 38
- 39
- 40
- 41
- 42SEC EDGARNew debt or obligation
- 43
- 44
- 45
- 46
- 47
- 48
- 49
- 50
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- 52
- 53
- 54
- 55
- 56
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- 59SEC EDGARFMR LLC SC 13G/A on CareMax, Inc.
- 60