CareMax

Name

CareMax

Legal name

CareMax, Inc.

Website

https://caremax.com

Company type

Public

Founded year

2021

Operating status

Operating

Headcount range

1,001–5,000 employees

Ownership category

akta.pro rank

Product category

Value-Based Senior Healthcare Services

NAICS

Offices of Physicians (62111), All Other Outpatient Care Centers (621498), Other Ambulatory Health Care Services (6219)

SIC

Services-Offices & Clinics Of Doctors Of Medicine (8011), Services-Health Services (8000)

akta.pro primary industry

Medicare Member Engagement & Care Management (Utilization, Case/Disease Mgmt) (FSAIAGAL)

akta.pro secondary industries

Medicare Quality, Risk Adjustment & Stars Analytics/Services (FSAIAGAJ), Membership/Subscription Concierge Virtual Care (HLALAAAH), Medigap Member Support & Care Navigation (Advocacy/Concierge) (HLAEADAH)

Keywords

• Value-based care
• Senior healthcare
• Medicare Advantage
• Chronic disease management
• Primary care services

Headquarters

HQ city

Miami

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Value-Based Care Contracts: CareMax generates revenue through value-based care arrangements including Medicare Advantage plans, Medicare Direct Contracting Entity, and Medicare Shared Savings Program accountable care organizations. Revenue is generated through capitation and shared savings models tied to patient outcomes and cost management.
2. Healthcare Services Delivery: Revenue from operating medical centers providing care to Medicare members across 10 states, with expansion through acquisitions of medical facilities and provider practices.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

CareMax operates a value-based senior healthcare delivery platform that provides primary care, preventative care, chronic disease management, telemedicine, and integrated care coordination to Medicare-eligible seniors through owned medical centers. Services are delivered under the Claremedica brand across 10 U.S. states, with providers maintaining significantly lower patient panels (450 vs. 1,500+ industry standard) to deliver more personalized care and achieve 30% fewer hospitalizations than the national average. Revenue is generated through capitation and shared savings arrangements with Medicare Advantage plans, Medicare Direct Contracting Entities, and Medicare Shared Savings Program ACOs.

Product overview

CareMax operates as a value-based senior healthcare delivery company that went public via SPAC merger in 2021, trading on NASDAQ under ticker CMAX. The company provides comprehensive healthcare services through its network of medical centers, expanding primarily through acquisitions of Medicare-focused healthcare providers including DNF Medical Centers, Senior Medical Associates, and Steward Health's Medicare value-based care business. The company's service offerings include primary care, telemedicine, preventative care, chronic disease management, and integrated specialist coordination, with a focus on delivering personalized attention to seniors through lower patient-to-provider ratios and value-based care models.

Differentiator

Problem solved

Functional benefit

Products and services

• Claremedica Senior Primary Care Claremedica is CareMax's primary senior-focused healthcare service brand, offering personalized primary care, preventative care, chronic disease management, integrated specialist coordination, telemedicine, and same-day/next-day appointment access to Medicare-eligible seniors across 10 U.S. states. It targets lower provider patient loads and emphasizes measurable reductions in hospitalizations relative to national averages.
• Chronic Disease Management Program Personalized care programs that help seniors manage chronic conditions including diabetes, heart disease, and arthritis, with coordinated specialist referrals and continuous monitoring through Claremedica medical centers.
• Routine Wellness / Annual Wellness Visits Personalized annual wellness visits fully covered by Medicare, providing seniors with a customized health plan delivered at Claremedica medical centers.
• Preventative Care & Screenings Preventative healthcare service providing seniors with reminders for screenings and vaccinations, along with early detection tools and tests designed to catch health issues early.
• Integrated Care & Specialist Coordination Integrated care coordination service that connects senior patients with specialists and manages health records, providing seamless transitions between primary and specialty care.
• Telemedicine Services Telemedicine service that enables senior patients to access care remotely via computer, tablet, or smartphone, complementing in-person visits at Claremedica medical centers.
• Same-Day and Next-Day Appointment Access Service guaranteeing same-day, next-day, and walk-in appointment availability for senior patients at Claremedica medical centers.
• Medicare Direct Contracting Entity Participation Medicare Direct Contracting Entity in which CareMax participates to deliver value-based care to Medicare beneficiaries under risk-bearing arrangements with the Centers for Medicare and Medicaid Services.
• Medicare Shared Savings Program ACO Services CareMax operates two Medicare Shared Savings Program accountable care organizations that deliver coordinated care to Medicare beneficiaries and share in cost savings generated through improved outcomes.

Quantifiable outcome

• 30% fewer hospitalizations than the national average
• +2 more outcomes

Named customers1 record

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Three partnerships are on record, tiered core and minor.

• Steward Health Care SystemcoreStrategic or Co-development Partner · 11 November 2022CareMax completed acquisition of Steward Health's Medicare value-based care business including Medicare Direct Contracting Entity and two Medicare Shared Savings Program ACOs. Transaction involved cash and stock payments, expanding CareMax's healthcare network across 10 states.
• DNF Medical CenterscoreStrategic or Co-development Partner · 6 July 2021CareMax acquired DNF Medical Centers, adding six medical centers and over 4,000 Medicare Advantage members to its network in Central Florida. The acquisition leveraged DNF's existing facilities combined with CareMax's technology platform.
• Senior Medical AssociatesminorStrategic or Co-development Partner · 21 June 2021CareMax acquired Senior Medical Associates, expanding its portfolio and operational capacity in the senior healthcare market.

Scale indicators4 records

Recent moves7 records

Expansion highlights5 records

Broad incumbents

• Amazon One Medical: Tech-enabled primary care platform with growing Medicare-focused services, backed by Amazon's Iora Health acquisition. Operates in the same risk-bearing senior care category but with a broader, tech-led consumer model.
• CenterWell (Humana Senior Primary Care): Humana-owned senior-focused primary care chain operating value-based MA clinics across multiple states. Larger, payer-affiliated incumbent that competes directly for MA capitation and operates at materially greater scale.
• Optum Health (UnitedHealth Group): Largest US operator of value-based primary care including MA-focused clinics (via Optum Care) and home/community services. Broad incumbent with vertically integrated payer relationships that compete for the same risk-bearing MA dollars.

Emerging players

• Aledade: Physician enablement company that partners with independent PCPs to operate ACOs and MA risk arrangements; competes for the same risk-bearing MA primary care dollar via a different (PCP-partnership rather than owned-clinic) model.
• P3 Health Partners: Value-based care platform focused on Medicare Advantage populations, particularly seniors with complex chronic conditions. Comparable capitated MA model at smaller scale and similarly early in scaling its clinic footprint.

Direct peers

• Privia Health Group: Physician enablement and medical group platform operating value-based arrangements across Medicare, commercial, and ACA populations. Comparable multi-payer, multi-state platform strategy with PCP-centric care delivery.
• Oak Street Health: Value-based primary care platform exclusively serving Medicare beneficiaries via owned clinics; acquired by CVS Health in 2023. Closest pure-play comparable to CareMax's MA-focused clinic and capitation model.
• Cano Health: Value-based primary care provider serving seniors, primarily Medicare Advantage members, through owned medical centers in multiple states. Direct competitor with a similar clinic-centric, MA-capitated model that has also experienced significant operational and market stress.
• Astrana Health (formerly Apollo Medical Holdings): Physician-centric value-based care company managing full-risk and shared-savings arrangements for Medicare Advantage, ACO, and commercial populations. Comparable risk-bearing primary care platform with capitated revenue exposure.
• agilon health: Tech-enabled value-based care company partnering with independent PCPs to manage Medicare Advantage and ACO populations at full or partial risk. Highly comparable capitated, senior-focused care model with similar geographic expansion strategy.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/CareMaxMedical

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries3 records

Funding overview

Funding rounds4 records

Investors6 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A3 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about CareMax