On November 17, 2024, a Sidley team represented medical services company CareMax Inc. in its Chapter 11 filing in the U.S. Bankruptcy Court for the Northern District of Texas.
Miami-based CareMax operates a network of 56 medical centers in Florida, Texas, Tennessee, and New York, catering largely to elderly patients. In its filing, the company listed US$693 million of total debt and US$390 million in assets. The company said in a statement that it had reached an agreement to sell part of its management services business to a Revere Medical affiliate and has an agreement in principle with a separate third party to serve as a “stalking horse” bidder for CareMax’s operating clinic business. The sales will be implemented through a prearranged Chapter 11 plan and are fully supported by 100% of the company’s lenders.
The team includes Joshua Samek (M&A), Tom Califano, Anthony Grossi, Jason Hufendick, Juliana Hoffman, Margaret Alden, Ryan Fink, Chelsea McManus, Veronica Courtney, Andreas Rauch, and Hayden Ross Golemon (all Restructuring).
