The latest announcement comes from CareMax ((CMAX)).

CareMax, Inc. has initiated a voluntary Chapter 11 proceeding to restructure and sell its management services organization and core center assets, supported by a pre-established plan with secured lenders. The company secured $30.5 million in debtor-in-possession financing to ensure continued operations and healthcare services. CareMax is committed to maintaining quality patient care as it navigates the bankruptcy process, with plans to sell assets in early 2025. Investors should note that trading in CareMax’s securities remains highly speculative during this period.

For an in-depth review of CMAX stock, visit TipRanks’ Stock Analysis Page.