.Major medical supplier CareMax, which functions 56 health care facilities across Florida, Texas, Tennessee as well as New York, applied for Phase 11 bankruptcy in Texas on Sunday.The company works centers mainly for more mature patients.The Miami-based provider specified financial debts of much more than $690 thousand as well as possessions of $390 million, according to a declaring with the united state Bankruptcy Courthouse for the Northern Area of Texas acquired by USA TODAY Wednesday.In August, the firm posted its own second-quarter results, including a loss of much more than $170 thousand as well as issued a going-concern warning.CareMax claimed it was certainly not heading to be able to submit a third-quarter document to the united state Stocks and Swap Percentage due to a lack of funds, News agency reported.Here’s what to know.What occurs with CareMax now?A press release Sunday, CareMax claimed it is actually organizing to seek a sale for both its administration services and also core facilities assets. The provider likewise mentioned it is looking for to carry on typical procedures in its clinics as well as payment of salaries to its doctors and nurses.CareMax has actually also worked with Alvarez & Marsal as financial agents and also Piper Sandler as an expenditure lender, according to the personal bankruptcy release.Other healthcare service providers facing personal bankruptcy this yearIn Might, Massachusetts-based Steward Medical declared personal bankruptcy, finding to market each of its 31 healthcare facilities and also $9 billion in the red. CEO Ralph de la Torre faced criticism as he picked up more than $one hundred thousand in settlement and also bought a $40 million private yacht while employees at Guardian healthcare facilities complained about an absence of standard supplies, depending on to the Us senate Board on Health, Learning, Work as well as Pensions.In September, the board approved a resolution looking for diplomatic administration and an illegal ridicule charge from de la Torre after he avoided a subpoena earlier that month.Contributing: Ken Alltucker, USA TODAY.Fernando Cervantes Jr.
is a trending information press reporter for USA TODAY. Reach him at fernando.cervantes@gannett.com as well as follow him on X @fern_cerv_.