We are investigating possible breaches of fiduciary duty and other violations of law by the board of directors of CareMax, Inc. (“CareMax” or the “Company”) (NASDAQ: CMAX), in connection with the proposed transaction with Steward Health CareSystem (“Steward”). Upon completion of the transaction, CareMax will pay $25 million in cash and issue 23.5 million shares of CareMax’s Class A common stock to the equity holders of Steward.
Weiss Law is investigating whether (i) CareMax’s board of directors acted in the best interests of Company shareholders in agreeing to the proposed transaction, and (ii) all information regarding the sales process and valuation of the transaction will be fully and fairly disclosed.