Dallas’ Steward Health Care System LLC will sell some of its Medicare-related business to a Miami health care firm in a deal valued at $135 million, the companies announced Wednesday.
Following the acquisition, publicly-traded CareMax Inc. will take on 170,000 of Steward’s senior value-based care patients across eight states, expanding the company’s reach to more than 200,000 senior value-based care patients.
Value-based care describes a health care model that rewards providers for prioritizing quality of care over quantity of patients seen with the goal of lowering overall health care costs.
