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 this moment 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 persistent illness administration to seniors. DFHT’s Board of Administrators had beforehand authorized 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 authorized proposals to: (i) difficulty 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 identify to CareMax, Inc., and enhance the whole 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 Govt 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 Govt Officer, shared comparable pleasure for the longer term. “We’ve got spent the previous decade cultivating a replicable enterprise mannequin to deliver medical care to the underserved whereas delivering sturdy outcomes for our equityholders. We imagine the enterprise mixture with DFHT will deliver us the capital to ramp up our nationwide enlargement.”
The enterprise mixture is predicted to shut on or about Tuesday, June 8, 2021. Upon closing, CareMax and IMC will turn into wholly owned subsidiaries of DFHT, which might be renamed CareMax, Inc. (“CareMax”). The mixed and renamed firm expects that its Class A typical inventory and public warrants will start buying and selling on the Nasdaq World Choose Market beneath 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 verify 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 targeted solely on the healthcare trade, and Richard Barasch, a veteran healthcare public firm government and investor.
CareMax is a technology-enabled care platform offering value-based care and persistent illness administration to seniors. Following the closing of the enterprise mixture with DFHT, the Firm will function 26 wholly owned medical facilities that supply a complete suite of healthcare and social companies, and a proprietary software program and companies platform that gives information, analytics, and rules-based determination instruments/workflows for physicians throughout the USA.
This press launch consists of sure statements that aren’t historic information however are forward-looking statements for functions of the protected harbor provisions beneath the USA Non-public Securities Litigation Reform Act of 1995. Ahead-looking statements usually are accompanied by phrases corresponding to “imagine,” “might,” “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 developments or that aren’t statements of historic issues. These forward-looking statements embrace, however are usually not restricted to, statements relating to the enterprise mixture permitting the enlargement of the mixed CareMax enterprise mannequin, the expectation that the mixed firm’s Class A typical inventory and public warrants might be listed on Nasdaq after closing, the anticipated cut-off date of the enterprise mixture and the date the Class A typical inventory and public warrants will start buying and selling. These statements are based mostly on varied assumptions and on the present expectations of DFHT, CareMax administration and IMC administration and are usually not predictions of precise efficiency. These forward-looking statements are offered for illustrative functions solely and are usually not supposed to function, and should not be relied on by any investor as, a assure, an assurance, a prediction or a definitive assertion of truth or chance. Precise occasions and circumstances are tough or unimaginable 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 quite a few dangers and uncertainties, together with the end result of judicial and administrative proceedings to which CareMax or IMC might turn into a celebration or governmental investigations to which CareMax or IMC might turn into topic that would interrupt or restrict CareMax’s or IMC’s operations, end in antagonistic judgments, settlements or fines and create detrimental publicity; modifications in CareMax’s or IMC’s shoppers’ 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 beneath “Threat Components” 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 further dangers that neither DFHT, CareMax nor IMC presently know or that DFHT, CareMax and IMC presently imagine are immaterial that would additionally trigger precise outcomes to vary from these contained within the forward-looking statements. As well as, forward-looking statements mirror 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.
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