CareMax completed the acquisition of medicare value-based care business of Steward Health Care System for $149m.

CareMax, a technology-enabled provider of value-based care to seniors, completed the acquisition of medicare value-based care business of Steward Health Care System, a physician-owned, private, for-profit health care network, for $149m. “We are excited to announce the acquisition of Steward’s Medicare value-based care business, which will enable us to significantly accelerate our growth by bringing CareMax’s best-in-class, proprietary value-based care model to the communities in which Steward’s value-based care business operates. We plan to deploy our current MSO model, which we’ve been operating since 2011, to improve quality of care, health outcomes and wellbeing for seniors across eight states, while reducing overall healthcare costs,” Carlos de Solo, CareMax CEO.