Apollo Medical Holdings, Inc. (“ApolloMed,” and together with its subsidiaries and affiliated entities, the “Company”) (NASDAQ: AMEH), announces that it and its affiliated professional entity have entered into a definitive agreement to acquire assets relating to Community Family Care Medical Group IPA, Inc. (“CFC”), including the CFC independent physician association (“IPA”), the CFC Health Plan (“HP”) and CFC’s management services organization (“MSO”) entities. CFC’s scaled provider group, with more than 350 primary care physicians and 500 specialists on platform, manages the healthcare of over 200,000 members in the Los Angeles, California area. Under the terms of the agreement, subject to satisfaction of customary conditions, the purchase price is $202 million.
Read the full article: Apollo Medical Holdings, Inc. Announces Definitive Agreement to Acquire Assets of Community Family Care Medical Group IPA, Inc. and Health Plan //
Source: https://www.prnewswire.com/news-releases/apollo-medical-holdings-inc-announces-definitive-agreement-to-acquire-assets-of-community-family-care-medical-group-ipa-inc-and-health-plan-301980676.html