BRIEF-Deerfield Healthcare Technology Announces Proposed Business Combination To Form Caremax

Reuters
Dec 19, 2020

Dec 18 (Reuters) - Deerfield Healthcare Technology Acquisitions Corp :

* DEERFIELD HEALTHCARE TECHNOLOGY ACQUISITIONS CORP. ANNOUNCES PROPOSED BUSINESS COMBINATION TO FORM CAREMAX

* DEERFIELD HEALTHCARE TECHNOLOGY - TOTAL CONSIDERATION FOR CAREMAX MEDICAL CENTER'S BUSINESS, INCLUDING CARE OPTIMIZE, WILL BE APPROXIMATELY $364 MILLION

* DEERFIELD HEALTHCARE TECHNOLOGY - CURRENT EQUITY HOLDERS OF CAREMAX MEDICAL CENTERS WILL RECEIVE 68% IN CASH AND 32% IN SHARES OF COMMON STOCK

* DEERFIELD HEALTHCARE TECHNOLOGY ACQUISITIONS CORP - TOTAL CONSIDERATION TO IMC HEALTH EQUITY HOLDERS WILL BE $250 MILLION

* DEERFIELD HEALTHCARE TECHNOLOGY - CURRENT IMC HEALTH EQUITY HOLDERS WILL RECEIVE 45% IN CASH AND 55% IN SHARES OF COMMON STOCK

* DEERFIELD HEALTHCARE TECHNOLOGY - DFHT EXPECTS TO BE RENAMED CAREMAX, INC. AND WILL REMAIN LISTED ON NASDAQ STOCK MARKET UNDER A NEW TICKER SYMBOL

* DEERFIELD HEALTHCARE TECHNOLOGY ACQUISITIONS CORP - CAREMAX'S MANAGEMENT TEAM WILL BE LED BY CHIEF EXECUTIVE OFFICER CARLOS DE SOLO

* DEERFIELD HEALTHCARE TECHNOLOGY - ENTERED INTO DEFINITIVE AGREEMENT FOR A BUSINESS COMBINATION WITH CAREMAX MEDICAL GROUP & IMC MEDICAL GROUP HOLDINGS

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