CMAX - Earnings call transcript Q3 2021

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Operator

Greetings and welcome to the CareMax Inc.

Third Quarter 2021 Financial Results Conference Call. At this time, all participants are in a listen-only mode. A brief question and answer session will follow the formal presentation. [Operator Instructions] As a reminder, this conference is being recorded. pleasure of your The my Senior Devin now President Vice Equity is to host, introduce Sullivan, It Group. Thank you, Mr. Sullivan, begin. you may

Devin Sullivan

operator. thank and for earnings Good for you, call. us quarter CareMax’s you joining third Thank all morning

believe materially Factors. decisions described entitled SEC, these business Risk and reconciliation in developments discussing will of remarks conditions, appropriate. statements non-GAAP and financial are undertakes the company’s or forward-looking be other experience be information, made to information. including forward-looking filings or the are metrics. forward-looking results, the Important the as as historical A and In no update and future management, by with differ forward-looking call we to statements section today’s the made assessment from financial earnings non-GAAP during that this Carlos, release. most to new statements discussing otherwise. in over factors whether factors And call I made management to current result assumptions statements, can These of GAAP de CareMax turn by go CEO to please on of said, revise to now the press would like call, With CareMax’s we ahead. that of this events expected based in actual light a Carlos During and could be assessments today certain metrics such duty they future be will found CareMax. cause measures developments Solo, the morning’s are of comparable trends, their of

Carlos de Solo

growth, MER goal. still new outcomes platform, towards technology had neighborhoods, maintaining while of proud team working deeply members overall is and and thank which whole to I with a are to a reduction, MER to our point-of-care proprietary we best-in-class of growth, significant care our operational you with our in that We XXXX Thank testament all healthcare teams sequential you, developments truly do and and revenue strong for with am and and quarter novo model. deserts Devin. well-being. solid continued a healthcare third partner de believe challenged patients us. care. integrated clinical this Good the built report morning, progress CareOptimize, We our person improve our most many program, overall utilizing our health our barriers of physicians By otherwise some to by joining

Our improving dedication our doing truly of their good. to would each for team lives. by does well I our like to thank every and members patients’ model one

GAAP Pro been XXX% of For quarter from the the the beginning revenue annualized of of quarter $XXX $XXX third up our on DNF or acquisition million would third an have from achieved revenue million third $XXX we the basis. million, quarter period, the the XXXX, XXXX. of forma for for of

GAAP GAAP $X.X net quarter third year-to-date Our our million, loss loss to bringing net $X.X million. was

three times the Our adjusted was Medicare and business quarter for September year-to-date XXXX. XX, to of respectively, was and EBITDA was $X.X over million approximately combination. million ten advantage times Total up $X.X third as forma for and XX,XXX XX,XXX, membership XX, XXXX membership about the September compared pro

centers. patients our to DNF of DNF We metrics Medical Florida. discuss. approximately performance advantage Centers finalized Central previously are six on for In across the CareMax high-end September, track Kevin guided brought we acquisition that Medicare X,XXX family in will runrate the medical

in in quarter, experience October. many, showed model centers of the which and these medical September COVID in base shareholder underway services fell August, and operating our to and well maximum in our all Like the rise unifying continued we across continue investments. admissions in returns patients outcomes to reduction drive are among a We on with brand, third peaked Medicare

in than early the good presentation, Page identify you and to However, cases was see testament practices members prior prevent preventative our waves, to XX peak still a of our slide can posted to in hospitalizations. and on vaccinate lower as ability August our

the that market COVID-XX and Florida perform the the data, encouraged on of clinical are our continued model rates available we positivity Despite We are the COVID, quarter, reaching among publicly of the Delta during wave has third end now the core country. continues the lowest based impact and from our of case to in variant well.

in levels. reported impacts line we Medical XX.X% MER from Normalizing have direct a with quarter MER. healthy for the would COVID, or historical Expense our Ratio For been

have to level also bringing to as sight of of line this newly assets We acquired performance well.

dollars with In quarter been absolute sequentially. external costs XXXX addition, year-over-year line PMPM show down ex-COVID provider in internal and in and have the QX third our were that results would

is drive or think If platform, deeply priorities we you down value-based to care We platform home MER these where pandemic MER ability care a our recall integrated our and cohort three of per by of where you which of decline company. and percentage over to improving Fundamental technology points patient to our years. XX% Investor percentage X CareOptimize. ability average by grown On as by to whole our are, results outcomes cost that’s we person roughly our a of Page presentation, patient delivery our a can Day, to medical the year. see a XX powerful control four showed today’s system a from but over just reduction, the PMPM success reduction a are phase not dollar also provides technology-enabled and period are XX% clinical healthcare validation that speaks our a cost in

U.S. care needs just such health from the isolation health provides We our solve our the members problems with hospital by admissions. acute As I clients social and highly medication and through and of worth and truly our and It coordinated care adherence. differentiated members noting across in CareMax our needs highly This data the arising XX,XXX X,XXX is and counters from coordinate in do providers teams undue speaks outside program broad to our more commercialized successfully that has this powerful model providers clinical a tools management our effectively have without over with to beyond determinants tools burdens to medicine than care of person decisions. the previously, been providers across manner, of clinical it more uses informed of provides and members adoption make preventing to improving discussed as members access, CareOptimize and administrative education CareOptimize empowers goes is to well-being of our market practice the our them of the used whole

like to provide would our initiatives. operational I Next, update an on

pharmacy SG&A the moving along with integrations synergies creation captured The now executing of announced IMC, savings combination and DNF moving utilization. and SMA the on ahead about and previously team strategy. have half smoothly are We value driven primarily by our is

wage wage labor many for local we further our country, believe corporate have inflation, platform and XXXX experiencing novo And growth successfully our built are to while in lower we human been plan regional seeing limited depth some able navigate companies our in to and are Additionally, with accelerated tightening We continue we positions add on support a we management simultaneously growth to regional at positions it the targets. remains other entry-level to market and to hires the teams through expansion. to that, we operations. this. foundation the across have to to Similar are new to de plans key optimizing hit we several lead our brought our capital in execute have to

We is well-being. make physicians our impact professionals continue in patients’ to model on holistic interested have joining who for as to a our big differentiated pipeline a of platform draw care a want

U.S. of mentioned in-bound as looking initiatives, been strategic and additional Day The opportunity us the of September, in to one improve related collaboration during and highlighted owner/operators the healthcare collaborate outcomes of closely of from Companies affordable to have interest and the efficiencies system in those have work we Anthem. the affords Moving the our by to Related we amount in with announced housing Investor largest with the two to these, us impressed the

to convenient to housing Our communities seniors vision healthcare to to is most. person integrated it access vertically CareMax’s directly affordable need model providing who care the those bring whole

fastest opened collaborating ground of housing can have South we affordable opened with with centers our be that a we communities of XXXX. maturity Through ramp our center Related, the We to to a plan the this our we take convenient experienced the one value-based country to Florida membership in medical for mechanism expand that proven floor centers. of collaboration growth this in to retirement access model across communities any of care. with community of This to model

new We to up de novo collaboration with open initial across XX medical centers states. our eight also announced strategic Anthem

outcomes for with smoothly provide We us the long and members that partner to the are expand quality throughout collaboration relationship and a we our excited are ahead schedule. to pleased to is superior for key has and say care them Anthem been going country. their of

with the best-in-class we assist these strategic care bringing work to important two in to addition, our partners other collaborations, In to goal our payer communities. collective continue underserved to medical

Our patient marketing community strategy and sales marketing based acquisition grassroots and events is team. on in-house our through

we XX in up XXXX. novos XXXX, and approximately guidance least XXXX de in Lastly, in XX announced our of XX July, at opening approximately in

We nearing reiterating XX locations we have New already guidance. the Florida, completion. our across York executed the previous Furthermore, year revenue leases with Tennessee, for runrate our five EBITDA the to are leases end expectation of and with Louisiana and

utilization. expect the lower Looking normalized ahead more XXXX, COVID headwinds we on a and to revenue

on quarter Now, go performance. I our in-depth will turn it to over to Kevin more third

Kevin Wirges

quarter another strong revenues, Thanks, COVID Carlos, We good reported despite of and morning. headwinds.

As month X, for on financials our they and and occurred IMC prior quarter be comparisons business The third one a include are numbers had the pro full months combinations I’ll and forma and of of CareMax, SMA as between DNF. providing CareMax about that GAAP January XXXX. XXXX IMC reminder, if quarters nine year

press adjusted find You presentation. income net between reconciliation earnings release our in can or EBITDA GAAP our and the

As for was for We quarter the loss of quarter net $XXX net to months for nine months million $X.X EBITDA third $X.X quarter Carlos adjusted the the EBITDA Adjusted $XXX the revenue million. $X.X bringing was to our reported million the million mentioned, for reported nine bringing $X.X for and million. the nine for loss million, GAAP total months.

good EBITDA Excluding and in by expense been our which Beneath revenues ratio, year-to-date. of equals about $X.X the million Medical in feel direct revenue was XX.X% and QX for levels impacts but estimated line cost and million COVID COVID, Medicare would impacts have noise, risk-based after normalizing divided adjusted medical with external have of historical been $XX.X provider would Medicaid cost. our COVID the QX performance external underlying business. we provider the to

QX and challenging our QX unadjusted arguably industry confidence PMPM months This the in could costs with internal XXXX. in the than in PMPM gives us COVID Nine months were to manage our lower ever nine environment cost populations face. for challenging prior ability period internal Our line external most XXXX. were

Now let me share some observations COVID. regarding

has patients Florida capita data, total trends are encouraged COVID hospitalizations in capital. COVID footprint. and this lowest states hospitalizations sixth across Today, in Florida all according public lowest the among by were in cases COVID our numbers COVID geographic Medicare the we the per year. of We experienced admissions half August, record QX just our to per QX Despite of

same to teams any COVID – and the have an as per acuity and Medicare cost about patients. hospital a caring in outstanding of social centers. done our days stability the admission, as and to in relative vaccinations, from patient COVID education for with admissions QX QXsuggesting also down job And Our cost were outbreaks of percentage major COVID care at distancing proxy prevent

XXXX see claims top-line among of not change and XXXX. our continued to COVID patients with is headwinds will although – COVID claims XXXX the to we line decrease, were patients based until as on days service in continued revenue Although

for full However, our exceeding to giving more documenting already. even we This levels us us of overall acuity members that revalidation year are members recovered quoting tells visitations year. the appropriately and risk-adjustment in rates recapturing revenues XXXX have Medicare our year-to-date in-person PCP the of pre-COVID confidence visits for the among next

been to to continued continuing help Officer, manage Compliance Experience provider Chief in construction regional in of roles corporate, added and anticipate novo company expect will cost opportunities, of year. invest relations, some of to higher to ahead the execute and At that Chief market payer than previously whole to fleet person We’ve our at marketing These branch public model, the Counsel resources balancing a we be half captured the next platform new business beginning and conduct tuck-in onboarded our our These the operational related helped with months. time to center capabilities Officer We’ve our presidents will like development planned business add on CareMax addition, and new source markets. synergies In insurance half continued remaining IMC expected coming we’ve communicated physicians have completion disciplined capabilities. outreach and about General we of combination two efforts and build the D&O about investments de our partly openings and and of efficiencies. have the platform our of synergies we combination. offset same that operationalize healthcare prior the

we are have securing to CapEx outs including signed a novos Many opening de for already leases such of addition, to arrangements where In build targeting capital-efficient landlords’ approach our place. possible. reduce in financing upfront

position, million million of cash our with ended $XXX $XX we QX capital Regarding debt. of and

we COVID, adjusted accelerated million reflects centers novo is the opportunistic forma adjusted contributions As the a – estimated million as term EBITDA to capital of potential ahead capital runrate appropriate Basic of reminder, made facility, realized. revolving quarter, pro also from synergies of execute XX dilution remaining our sufficient million an million million prior million near-term $XX on to unannounced from acquisitions of year. delayed earnout and expectations. on and the earnings $XX year be Based shares. next projected us. to had forma $XX share year are pipeline our our range and This headwind full and feel believe Despite growth the is targeting additional pro investments closed our the $XX the mid-range from We we including facility we an the power de EBITDA for about count unchanged expected liquidity from $XX credit our draw M&A in undrawn. excluding both warrants a our over currently a and needs,

we for so risk-adjustment back to toward look the historical utilization settle baseline. to First, headwinds and normalize overall the

we at medical least to in Second, openings our strong maintain de third, we continue in drive our expect XX to continued to margin and XXXX. well-being. target novo improvements members’ And

We conviction in against continue forward next closing a you de to to Carlos in our look have quarter’s execute Q&A. strategy With invest call. outlook our on goals. novo some of our give will platform and We to high our XXXX providing that, we’ll before growth remarks detailed

Carlos de Solo

exceed has and our changing our the members the In growing as closing entire never are our while COVID-XX expectations the our have thank always year again team, of Kevin. and as never clinical our lives thank front Thanks, been all our and our many and Operator, continuing our dedication with extraordinary to so to an care we I will their the to members line seen at – I all of now battle who I impact in business, take organization to providing to that been to truly want model, our keeping needs strategy. continue first. It and confident the am today team of questions. members of of is who

Operator

[Operator proceed with question. Instructions] the Our line question Raskin first of Please comes Josh Research. with Nephron from your

Josh Raskin

Thanks. Hi. morning, And guys. good

am – of on just and external a curious I a just So internal as the is medical you runrate higher for in the a a or of those these cost DNF percentage or little I that care took first there cost. capitated from just question about line, sort medical right revenue? on it those, as It came think of bit cost are

Kevin Wirges

Kevin. Josh. right. Yes, Hey, that’s It’s

So, we have increased do that cost. – provider currently you DNF month have and will the external of with our one to premiums that notice also

at of looking that really think are SMA that note stub you when the also periods, to I it’s only prior important has a period well. it QX, as

have of there. DNF the and as in SMA quarter as XX I then and revenue you days have So, the well cost full of

a expectations. line is is say So, our with COVID. normalized the would in for that that’s right. again And It – normalized there, I it MER

Josh Raskin

yes. CareMax, specific – have the side, you COVID On cost pressuring so the internal

Kevin Wirges

I the that’s the that’s am looking what on external Yes, are sorry. provider at cost of cost. care you line, If right.

are So, in is Those obviously about there still there. a that items in couple two lines we there. talked

is The acquired the component quarter. in other pharmacy we a

to of that is also And the revenue cost specifically materially for so, there noticed to QX. goods from or sold in you a cost And pretty other cost to care line that pharmacy medication. QX increased care

Josh Raskin

Okay.

should include should ratio, when as, as think think revenue that we other the jumped we So, in. the well we of of those

year-to-date, And like the sure roughly is to XXXX, then, $X $XX XXXX, want implies about for seem which And things of I the headwinds, the or we then, to back just that to if cost, EBITDA of and you’ve point guidance million $XX well, so sort as for up math make and jump. relatively million of XQ of thinking gets some Okay. Should of a sort fourth starting I like to a right point expect would midpoint large done jumping add relatively off a am just XQ starting XXXX, COVID other obviously initiating cost, big million point? quarter. start

Kevin Wirges

Yes.

I think is your right. math

would to XXXX we be For we is that you number starting ready are on guidance that. just EBITDA, a folks give similar say What think will I as lot math are the XXXX, mentioned, quite which what not to is, I bridge of with doing. a we

of Our from the to your impact have novo our de normalized runrate, plus point, going But are we yes, strategy. investments COVID. to

We growing are have platform. going to investments business core the and the in

be there headwinds So, well. as that, will around

lot So, there and is a puts yes, of takes.

still percentage to significantly costs have now right through, the as to of this point. From that going from have think had favorability right a from do that patients year. we model standpoint, a additional are think hitting because to the reinsurance are come our the probably of that we are stop-loss initially greater, that what that’s going are seeing stop-loss favorability we folks I we I starting with looking and QX a that’s standpoint. at you we through are QX share So

just that in QX full haven’t the have projections, of full well be And SMA. our do so, to QX, to DNF, of but the Josh, we we are quarter impact year, through expect granularity fit better that going than we as as because a to level modeled

Josh Raskin

Okay. Perfect. Thanks.

Operator

with comes question your with question. the next our from Please And of Brian Tanquilut proceed line Jefferies.

Jack Slevin

markets. guys. us on Anthem now about good on give taking having the remind and little despite those the questions. Jack those us are Orleans for makes start it, what the attractive I or first markets not see gave guess, Can signed. new targeted Slevin Thanks you why incremental states out I with us Memphis looking the want Related states This morning for we Thanks. at or to one, markets you’ve a bit is guess, right, you Hey, I New for Brian. priority overlapping and markets? leases detail you

Carlos de Solo

all I as curve. in we partnerships other are we J we when always and enter organizations reduce feel with we’ve able stated think of new sight of where enter our clear line a strategic being to that calls, and going markets, to

where So, Anthem part strategy states and where are both with Related those are we exciting underway are very of we the there can grow we very still as have that are well and similar strategies. other of just big But we feel relationships that quickly.

West good of Central already expand to significant well those going Northern signed really And a that Florida, continue strategy. other those were In And Coast, together lease. well are are to and York we Louisiana amount Florida. with we as in region situations. then the to markets. of Anthem, take specific with grow New underway in we the couple as leases we’ve continue continue the signed several that as We’ve got we’ve to one in related the do Memphis Florida got be advantage those So as we a strategies We’ve amount of coming and of already going to and area. up leases a

Jack Slevin

one the Got me. helpful. then And it. That’s Okay. next for

a acquisitions the that’s because may the on numbers want Just grown bit. sure right, I timing little to think PMPM modeling have up the make

going? Can Thanks. PMPM can update, to an read kind appreciate coming also, sort the update just, risk exit checks year. you for this through all PMPMs out us of give can of of you a And an the the MA how wellness then, adjustments XXXX? annual on adjustment So risk give of XQ? And in impact on or are give you book us I color

Carlos de Solo

start let second with Yes, of the that. part me

this to seen we in in we’ve We’ve at So, about members time – We of those of XX% to we year than feel already are our members, this very were – had compared having year. XXXX. confident where acuity all we capture the last our been year. able seen right members full this now, more for

XXXX XX% elaborate forward. to to XX%, year our trending being think finish acuity, the having accurately us you a to stabilize going our that first little which all that revenue should lot the And are do Kevin, seen the members. I that question? a confidence of in somewhere of of We into gives on capture want part able of going

Kevin Wirges

sorry. am I Yes.

PMPM? The first was part the on

Jack Slevin

right. That’s Yes.

X. on, I think bit at just looks ours of the low, acquisition little based a the I timing think September there

could us just the a what So, that’s is, outwards helpful. project if to MA really normalized PMP you give on number

Kevin Wirges

Yes.

to So, DNF, is there. month help I with what the There is one X,XXX patients. do in which that represents XX,XXX take that, roughly think would of I we have

or take And And come if could quarter, out you go months. the PMPM reduce with so, could it for the the first for two there. from that PMPM X,XXX model then, away into the up you

Jack Slevin

Thanks Awesome. guys.

Operator

Tassan question Our Jessica comes question. of your the next proceed Piper Sandler. Please with with from line

Jessica Tassan

my Thank taking questions. Hi. you for

improvement ramp, to if to the the impact are QX to you be on that’s MER so of adjusted of also EBITDA first guys anticipating the DNF that the just an QX, clear So, step-up? basis sort off then sequentially and

Kevin Wirges

Hey, Kevin. Yes, Jessica. It’s that’s correct.

tends go down QX little So, that, a historically, don’t for is holidays. have we’ve surgeries utilization the that to time. what to at bit in like Folks of lack those a seen

there from we major the reimbursements level and so catastrophic reinsurance, year also that refunds starting tend piece may We D the the folks down. folks that donut the get of go are other tend or standpoint the ICLs right, Part to so, – and cost to to throughout is And or impact the already hole in donut are see hit have stop-loss hit hitting the that hole or factor higher the credits.

correct. that’s So,

Jessica Tassan

is adjusted let you how And or on to? an it. basis us expected know EBITDA DNF did contributing much Got

Kevin Wirges

don’t did. believe I we

Jessica Tassan

the follow-up X, they the per XX, be, ratio my then, - And what to cohort, just Okay. rates on makes you to payers how to as XX just spend do those XX chart from XX change to next that percent or that the or months? you Thanks. from expect on new term? months, And cohort the medical progress actually would XX then, XX retention Page add cohort as

Carlos de Solo

it’s reduction XX% we you as there close plans. reduction working retention it some translates for roughly XX% year-over-year already period of to Yes, over can that out a and is see into, XX% as time. different mean, XX are Yes, with I

different will we to retention where it’s of So in We be add Florida very continue expect payers market favorable to competitive. different regions. more South do the outside

significant the Experience very that specifically have You on over on MA memberships. year working penetration. It’s Officer and then to - a heavily here invested on penetration really in bringing attrition this of We’ve XX% area. the also our Chief amount a Miami in reduce

PMPM of get that significantly just and So better. in be we clear, cost a And that’s total expect to to number reduction better that’s to continue expenses. medical

Operator

And for of that’s Instructions] questions with the [Operator Cowen. Taylor with Please your Our question from comes Jessica. line Gary the next all question. proceed

Gary Taylor

morning. Good Hi.

EBITDA Just say $XX the forma fourth around and just second fourth that are quarter saying basically go million. just a are the want pro expecting of implied to is. when correct? quarter you power, guidance earnings understanding, In the few. you the middle, $X just what in for a targeting million back Is sort to clarify I my you

Kevin Wirges

really really we pro clarify I really the that. number. runrate Yes, adjusted EBITDA It’s a It’s a forma earnings Hey the going think for use It is should so, will be of the is Yes, using it good which this only the year. impact EBITDA, term organization. we’ll Kevin. And identifies Gary. forward, – power normalized we point.

way burdens for about burdens we core the COVID, is burdens doing. So Tapco, business investments the you for for are it that would think the that

around produce $XX million During we the range. year will the somewhere to million $XX probably

normalized, and will have We or we have we acquire. a acquired

some some there we’ve and unannounced acquisitions done acquisitions. that So is

middle those on DNF then, going are normalized September. executed in in runrate for SMA And that million. are around came we’ve on EBITDA more year. a is those later came in June. this happen the With the $XX There couple in, those. again, to of

And additionally synergies normalized $X so, then, million when you the which bucks. are represent those runrate roughly that look $XX and million at for the

So it’s come jumping fourth a for not in the CareMax runrate for you in to will, period It’s point this the jumping of the if off quarter off annualized and all pop. earnings going XXXX. big kind

Gary Taylor

I understand to modeling Yes. don’t a that the for I guess, terms be that. implies understand I stub trying in I XQ think $XX so huge like, even earnings fourth million. and number? all annualized a should synergy of quarter XQ up reflected to a runrate But, people less. am that sound are you you only EBITDA it saying is the implies of not power in period what

Kevin Wirges

right. That’s

will that So, haven’t closed probably have acquisitions yet. or some we will –

full some right. that the is the are other of in the will And synergies on, so, And we piece quarter. those working be

the early side right. of executed October, Some some we on SG&A of part the December, middle in

stub there period in for do you a So, have quarter. the

correct. that’s So, yes,

synergies somewhere probably and then, what components we worth acquisitions, with $X.X other think other million fourth I a $X million, is $X.X all is quarter business million the items the for the standpoint of and probably estimating or around are another from so, the

Gary Taylor

Yes.

So, be $X basically? on to million basis, the $X.X a million in reported it range could

Kevin Wirges

correct. That’s

Gary Taylor

that back want number to Okay. to talked care And cost else go just about. I to Josh what – that

that – you discuss is you what call was the like out then now of I did million there line. think is? and of So non-recurring what I pharmacy amount cost that there $X.X there it that Can like see, coming in cost sounded cost just are some to care

Kevin Wirges

Absolutely. Sure.

that that prior was around we balance and normalization pilot to we So, results end we they was pilot with cost, that was so. pilot cost would a quicker so our One remaining what could day, million of the faster. running $X.X represents The needed specifically of that At it for $X.X represented essentially faster of to ran determine about they expectations million occupancy the to specifically which lab a results X. XXXX that is, the on two October is that items. get the physicians or and periods are killed hands related in

in pilot So, a quarter, that duplicative did costs the a had I’ll we months. from say, We August there September. run couple whole through for maybe of period in of,

that a up So the months and delta. couple makes

Gary Taylor

some last, the And novo pro of add-backs for see forma de presentation, sort show amounts, did or EBITDA adjusted modest you then I but the in my losses. historic now pretty

losses So, guidance to get we expected be your XXXX should will convention we from the assume exclude when de your openings? novo

Carlos de Solo

contemplating absolutely. Yes, we it’s definitely are something

Gary Taylor

Thank Okay. you.

Operator

the turn our reached for closing question-and-answer Solo the to end like floor to have comments. of we back de session. would And Carlos I

Carlos de Solo

you. thank Thank for We everyone our like to call. earnings on QX Great. joining just

Operator

concludes may conference your participation. line and you your for time. this Thank disconnect this And you today’s at

CareMax (CMAXQ) 15 Nov 212021 Q3 Earnings call transcript