Caremax Inks $100 Million Clinic Sale Deal with ClareMedica

Bankrupt health-care provider Caremax Inc. has reached a sale deal with ClareMedica Health Partners, setting a $100 million auction floor price for the majority of its operating clinic business.

ClareMedica, a Florida-based primary care provider, has agreed to serve as the Chapter 11 stalking horse bidder for the majority of Caremax’s 46 operating clinics and other business locations, Caremax said in a filing Monday with the US Bankruptcy Court for the Northern District of Texas.

If approved by the court, ClareMedica’s bid of $35 million cash and $65 million worth of parent company equity would be the bid to beat ...