Major US Health Network Files for Bankruptcy

The network runs 46 clinical centers and serves about 260,000 people every year.

A person arrives at the U.S. Bankruptcy Court for the Southern District of New York in Manhattan on Jan. 9, 2020. Brendan McDermid/Reuters

The Miami-based CareMax health care network filed for bankruptcy on Nov. 17 after reportedly being unable to pay back loans amid rising interest rates and other inflationary pressures.

CareMax filed its Chapter 11 petition in the U.S. Bankruptcy Court for the Northern District of Texas. The company listed assets in the range of $100 million to $500 million and liabilities between $500 million and $1 billion and stated that it had between 5,001 and 10,000 creditors.