The new locations will launch several community partnerships, serve as feeding centers and work toward reducing the fragmented level of care in the area

April 12, 2022 – CareMax, Inc. (“CareMax”) (NASDAQ: CMAX; CMAXW), a leading provider of value-based care to seniors, announced the opening of two new CareMax-affiliated facilities in Memphis, Tennessee. These two are the first CareMax locations to open in Tennessee as a part of the company’s strategy to expand its footprint and enter new markets nationwide. The new facilities will be located at 3175 Lenox Park Dr, Ste 100, Memphis, TN and 1407 Union Ave, Suite 305, Memphis, TN, with medical care provided by CareMax-affiliated provider Medical Care of Tennessee, PLLC.

Since 2011, CareMax has employed a “Whole Person Health” approach that takes into consideration all facets of a patient’s health, by providing comprehensive, community-based care in one convenient location. From in-house specialists to wellness activities to transportation and social services, this care is designed to treat the entirety of the patient, not just their individual medical conditions. When operating at full capacity, both the Lenox and Union locations will provide primary, specialty and virtual care, transportation to and from appointments, optometry, acupuncture/massage therapy, social services, healthy meals, and wellness activities.

“We are excited to support bringing this level of care to our underserved senior communities and work diligently to lessen the fragmented level of care we see in Tennessee,” said Tiffany Wright, Vice President of Operations, at CareMax Tennessee. “This model will be a major help to not only Memphis seniors, but to their caregivers, ensuring there is truly one place where services are wrapped around the patient under one roof providing a stellar patient experience.”

CareMax is partnering with several local organizations to address the need for senior-focused value-based care in urban settings. Our goal is to help support existing efforts by community leaders and organizations while introducing our model of care that we have found to be successful in other markets. CareMax is a member of The Professional Network on Aging and is working with the Tennessee Aging Commission to expand its reach in serving seniors by networking with others who serve todays and tomorrow’s seniors. Lastly, CareMax is developing close relationships with faith-based organizations, inclusive of several Tennessee Jurisdictions within the Church of God In Christ, Inc.

“The Memphis City area continues to expand with value-based health models for the residents of our city and county,” said Councilwoman Patrice Robinson, Memphis City Council, District 3. “CareMax is providing a great model for the Seniors of our community with new insights to individualized care. As a part of the CareMax approach to include everyone in the community, the support for this location comes from congresspeople, religious leaders, and community partners alike.”

“Looking at the CareMax total health model, the diversity of what is offered will certainly benefit the senior residents of Tennessee,” said Commissioner Willie Brooks, Chairman, Shelby County, TN Board of Commissioners, Representative, District 6. “The faith-based communities are continuing to see a need in its aged congregants receiving value-based care. CareMax is a great solution.”

“Many of our faith-based organizations are experiencing a growing aged population,” said Bishop Jerry L. Maynard, Sr. Pastor, Cathedral of Praise Church of God in Christ, Nashville, TN. “CareMax presents a new value-based care option in TN where our congregants can feel prioritized and receive the best of care.”

The CareMax model has proven to be highly successful in Florida, where it currently operates 48 centers serving 83,000 patients. When compared with fee-for-service (FFS) models, per 1,000 patients, CareMax has seen a 52 percent improvement in hospital admissions and a 66 percent improvement in emergency room visits. In addition, the team of physicians affiliated with CareMax will have a patient roster of just 600, compared to the normal primary care provider roster of more than 1,500 patients. This will allow physicians to spend much more time with their patients.

Moreover, the CareMax model inherently makes CareMax centers part of the communities they serve. Initiatives are designed to provide additional resources to patients, families and communities, such as outdoor food drives and celebrations, work alongside larger, company-wide pursuits. Team members are mostly hired from the local community, as studies have shown that culturally sensitive, hyper-localized care produces better health outcomes.

“The CareMax model reveals the inefficiencies and ineffectiveness of a fee-for-service system,” said Carlos de Solo, CEO of CareMax. “We believe that CareMax’s proactive, data-driven approach to chronic disease management as well as our focus on the social determinants of health will improve patient outcomes in these underserved communities. We look forward to serving the Memphis communities, and welcoming patients into our CareMax family.”

To learn more about CareMax, please visit www.caremax.com.

About CareMax 

CareMax is a technology-enabled care platform providing value-based care and chronic disease management to seniors. CareMax operates or manages medical sites that offer a comprehensive suite of healthcare and social services, and a proprietary software and services platform that provides data, analytics, and rules-based decision tools/workflows for physicians across the United States. Learn more at www.caremax.com.

In Tennessee, CareMax provides administrative services to support medical, dental, optometry and other professional practices focused on senior health that are independently owned and operated by licensed providers.  The medical care at the Memphis location is provided by Medical Care of Tennessee, PLLC.

About Tennessee Fourth Ecclesiastical Jurisdiction 

Tennessee Fourth Ecclesiastical Jurisdiction is comprised of several churches throughout West & Middle TN (and some parts of Florida) which are a part of the Church Of God In Christ. These congregations have Episcopal oversight and spiritual covering by Bishop Jerry L. Maynard, Nashville, TN.

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