Ropes & Gray represented BlackRock Financial Management and Crestline Investors as first lien term loan and DIP lenders in the chapter 11 cases of CareMax, Inc. CareMax announced the effective implementation of its pre-arranged Chapter 11 plan on February 3, following the United States Bankruptcy Court for the Northern District of Texas's approval on January 31, 2025. As a result of the restructuring transactions, BlackRock Financial Management and Crestline Investors will become part owners and lenders to CareMax’s clinical care centers business that is being acquired by Claremedica Health Partners.
The Ropes & Gray team included business restructuring partner Matt Roose, finance partners Milap Patel and Jennifer Harris, health care partner Tim McCrystal, private equity partner Patrick Dorime, and tax partner Benjamin Rogers.
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