NEW YORK & MIAMI–(BUSINESS WIRE)–Deerfield Healthcare Know-how Acquisitions Corp. (“DFHT”) (NASDAQ: DFHT; DFHTW; DFHTU), a particular function acquisition firm sponsored by an affiliate of Deerfield Administration Firm, L.P. (“Deerfield”) and Richard Barasch, a veteran healthcare public firm government and investor, introduced right now that DFHT stockholders have voted to approve all the proposals associated to the proposed enterprise mixture with CareMax Medical Group LLC (“CareMax”) and IMC Medical Group Holdings LLC (“IMC”), to create a technology-enabled care platform offering value-based care and continual illness administration to seniors. DFHT’s Board of Administrators had beforehand accepted the enterprise mixture and advisable that its stockholders vote in favor of it and all the proposals regarding the enterprise mixture. There have been no redemptions by DFHT stockholders in reference to the enterprise mixture.
Along with approving the enterprise mixture, DFHT’s stockholders accepted proposals to: (i) situation sure securities in reference to the enterprise mixture as required by Nasdaq itemizing guidelines; (ii) amend and restate the amended and restated certificates of incorporation of DFHT to, amongst different issues, change DFHT’s title to CareMax, Inc., and improve the overall variety of approved shares of all lessons to 261,000,000; and (iii) approve the Firm’s 2021 Lengthy-Time period Incentive Award Plan.
DFHT Chairman and incoming CareMax Government Chairman Richard Barasch expressed, “I’ve spent a lot of my profession working with main care physicians to enhance healthcare outcomes in a extra price environment friendly method. We imagine the enterprise mixture with CareMax will permit this mannequin to be expanded to extra seniors throughout the nation.”
Carlos de Solo, CareMax’s Chief Government Officer, shared comparable pleasure for the longer term. “We’ve got spent the previous decade cultivating a replicable enterprise mannequin to convey medical care to the underserved whereas delivering robust outcomes for our equityholders. We imagine the enterprise mixture with DFHT will convey us the capital to ramp up our nationwide enlargement.”
The enterprise mixture is anticipated to shut on or about Tuesday, June 8, 2021. Upon closing, CareMax and IMC will develop into wholly owned subsidiaries of DFHT, which might be renamed CareMax, Inc. (“CareMax”). The mixed and renamed firm expects that its Class A standard inventory and public warrants will begin buying and selling on the Nasdaq World Choose Market underneath the brand new buying and selling symbols “CMAX” and “CMAXW”, respectively, beginning on or about Wednesday, June 9, 2021.
About Deerfield Healthcare Know-how Healthcare Acquisitions Corp.
Deerfield Healthcare Know-how Acquisitions Corp. is a clean examine firm whose enterprise function is to impact a merger, capital inventory change, asset acquisition, inventory buy, reorganization or comparable enterprise mixture with a number of companies. The Firm’s sponsor is an affiliate of Deerfield Administration Firm, L.P., an funding agency centered completely on the healthcare business, and Richard Barasch, a veteran healthcare public firm government and investor.
CareMax is a technology-enabled care platform offering value-based care and continual illness administration to seniors. Following the closing of the enterprise mixture with DFHT, the Firm will function 26 wholly owned medical facilities that provide a complete suite of healthcare and social companies, and a proprietary software program and companies platform that gives information, analytics, and rules-based resolution instruments/workflows for physicians throughout the USA.
This press launch contains sure statements that aren’t historic details however are forward-looking statements for functions of the secure harbor provisions underneath the USA Non-public Securities Litigation Reform Act of 1995. Ahead-looking statements usually are accompanied by phrases resembling “imagine,” “could,” “will,” “estimate,” “proceed,” “anticipate,” “intend,” “anticipate,” “ought to,” “would,” “plan,” “predict,” “potential,” “appear,” “search,” “future,” “outlook,” and comparable expressions that predict or point out future occasions or traits or that aren’t statements of historic issues. These forward-looking statements embrace, however usually are not restricted to, statements concerning the enterprise mixture permitting the enlargement of the mixed CareMax enterprise mannequin, the expectation that the mixed firm’s Class A standard inventory and public warrants might be listed on Nasdaq after closing, the anticipated deadline of the enterprise mixture and the date the Class A standard inventory and public warrants will begin buying and selling. These statements are primarily based on numerous assumptions and on the present expectations of DFHT, CareMax administration and IMC administration and usually are not predictions of precise efficiency. These forward-looking statements are offered for illustrative functions solely and usually are not meant to function, and should not be relied on by any investor as, a assure, an assurance, a prediction or a definitive assertion of reality or likelihood. Precise occasions and circumstances are troublesome or not possible to foretell and can differ from assumptions. Many precise occasions and circumstances are past the management of DFHT, CareMax and IMC. These forward-looking statements are topic to plenty of dangers and uncertainties, together with the end result of judicial and administrative proceedings to which CareMax or IMC could develop into a celebration or governmental investigations to which CareMax or IMC could develop into topic that might interrupt or restrict CareMax’s or IMC’s operations, lead to hostile judgments, settlements or fines and create unfavorable publicity; adjustments in CareMax’s or IMC’s purchasers’ preferences, prospects and the aggressive situations prevailing within the healthcare sector; failure to appreciate the anticipated advantages of the enterprise mixture, together with because of a delay in closing the enterprise mixture or a delay or problem in integrating the companies of DFHT, CareMax and IMC; the quantity of redemption requests made by DFHT’s stockholders; these elements mentioned in DFHT’s proxy assertion filed regarding the Enterprise Mixture, together with these underneath “Danger Elements” therein, and different paperwork of DFHT filed with the SEC. If the dangers materialize or assumptions show incorrect, precise outcomes may differ materially from the outcomes implied by these forward-looking statements. There could also be extra dangers that neither DFHT, CareMax nor IMC presently know or that DFHT, CareMax and IMC at present imagine are immaterial that might additionally trigger precise outcomes to vary from these contained within the forward-looking statements. As well as, forward-looking statements replicate DFHT’s, CareMax’s and IMC’s expectations, plans or forecasts of future occasions and views as of the date of this press launch. DFHT, CareMax and IMC anticipate that subsequent occasions and developments will trigger DFHT’s, CareMax’s and IMC’s assessments to alter. DFHT, CareMax and IMC particularly disclaim any obligation to replace these forward-looking statements sooner or later. These forward-looking statements shouldn’t be relied upon as representing DFHT’s, CareMax’s and IMC’s assessments as of any date subsequent to the date of this press launch. Accordingly, undue reliance shouldn’t be positioned upon the forward-looking statements.