M&A Deal Summary

CareMax Acquires IMC Health Medical Centers

On December 21, 2020, CareMax acquired healthcare services company IMC Health Medical Centers from Comvest Partners and Athyrium Capital Management

Acquisition Highlights
  • This is CareMax’s 3rd transaction in the Healthcare Services sector.
  • This is CareMax’s 3rd transaction in the United States.
  • This is CareMax’s 2nd transaction in Florida.

M&A Deal Summary

Date 2020-12-21
Target IMC Health Medical Centers
Sector Healthcare Services
Buyer(s) CareMax
Sellers(s) Comvest Partners
Athyrium Capital Management
Deal Type Merger

Target

IMC Health Medical Centers

Miami Lakes, Florida, United States
IMC Health Medical Centers is a provider of primary care and specialty services to Medicare, Medicaid and commercial populations through 19 medical centers in Florida. IMC delivers high-quality medical care to thousands of members for numerous managed care organizations. IMC Health Medical Centers was founded in 2004 and is based in Miami Lakes, Florida.

Search 201,292 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

CareMax

Miami, Florida, United States

Category Company
Founded 2011
Sector Healthcare Services
Employees1,450
Revenue 751M USD (2023)
DESCRIPTION

CareMax is a provider of medicare advantage plans which offers more than traditional Medicare, with vision, hearing, dental and health programs. CareMax was founded in 2011 and is based in Miami, Florida.


DEAL STATS #
Overall 3 of 6
Sector (Healthcare Services) 3 of 6
Type (Merger) 1 of 1
State (Florida) 2 of 3
Country (United States) 3 of 6
Year (2020) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-16 Cardona Medical Center

Miami, Florida, United States

Cardona Medical Center is a network of value-based clinics in South Florida that provides primary healthcare services to customers.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-21 Senior Medical Associates

San Diego, California, United States

Senior Medical Associates is a group of primary care physicians with medical centers throughout Broward County. The team consists of experienced physicians, nurse practitioners, medical assistants and staff all dedicated to providing compassionate and caring, personalized, primary care. Senior Medical Associates is based in San Diego, California.

Buy -

Seller(S) 2

SELLER

Comvest Partners

West Palm Beach, Florida, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2000
PE ASSETS 7.7B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Comvest Partners' headquarters in West Palm Beach, Florida.
Comvest Partners' headquarters in West Palm Beach, Florida.

Comvest Partners is a private investment firm that provides equity and debt capital to middle-market companies across North America. Comvest funds a variety of investment situations, including buyouts, divestitures, recapitalizations, consolidations, take privates, and turnarounds. Sectors of interest include business services, information services, education, financial services, healthcare services, software, IT, and transportation. For equity investments, Comvest prefers control and looks to invest $50 to $150 million per transaction. For debt needs, Comvest seeks to provide $25 to $250 million per transaction. Comvest Partners was formed in 2000 and is based in West Palm Beach, Florida.


DEAL STATS #
Overall 35 of 40
Sector (Healthcare Services) 6 of 6
Type (Merger) 2 of 2
State (Florida) 6 of 6
Country (United States) 35 of 40
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-15 Encompass Supply Chain Solutions

Lawrenceville, Georgia, United States

Encompass Supply Chain Solutions is a distributor of repair parts and accessories for products throughout the home. Encompass also offers complete parts supply chain management, 3PL, depot repair and reverse logistics services. In addition to consumers, Encompass supports an array of B2B customers, including manufacturers, multi-family property management companies, warranty providers, service networks, independent dealers and retailers. Encompass Supply Chain Solutions was founded in 1953 and is based in Lawrenceville, Georgia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-22 D&S Community Services

Austin, Texas, United States

D&S Community Services emphasizes exceptional quality services and innovation and offers a broad array of home and community-based services specially designed to help individuals with I/DD realize a life of independence and self-determination. D&S Community Services was founded in 1991 and headquartered in Austin, Texas.

Sell -
SELLER

Athyrium Capital Management

Investor Investor Investor Investor Investor


Category Asset Manager
Founded 2008
PE ASSETS 3.7B USD
Size Large
Type Sector Focused
DESCRIPTION

Athyrium Capital Management is a large asset manager focused on the healthcare sector. Athyrium invests in a wide range of financial instruments including royalties, structured credit, and equities as well as select special situations. Athyrium Capital was established in 2008 and is headquartered in New York City.


DEAL STATS #
Overall 4 of 9
Sector (Healthcare Services) 1 of 3
Type (Merger) 1 of 1
State (Florida) 1 of 2
Country (United States) 4 of 8
Year (2020) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-07 BioCryst Pharmaceuticals

Durham, North Carolina, United States

BioCryst Pharmaceuticals designs, optimizes and develops novel small molecule drugs that block key enzymes involved in rare diseases. BioCryst Pharmaceuticals was incorporated in 1986 and is based in Durham, North Carolina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-08 Clover Health

Franklin, Tennessee, United States

Clover Health operates as a medicare advantage insurer in the United States. The company through its Clover Assistant, a software platform that provides preferred provider organization and health maintenance organization health plans for medicare-eligible consumers. It also focuses on non-insurance businesses. Clover Health was founded in 2012 and is based in Franklin, Tennessee.

Sell -