Alligned Healthcare Acquired by Apollo Medical (OTC:AMEH)

Apollo Medical Holdings (OTC:AMEH) today announced that it has acquired Aligned Healthcare Group LLC, a provider of 24-hour physician call centers and specialized care management services to health plans, hospitals and medical groups. In exchange for a 100% ownership interest in Aligned, Apollo will issue 1,000,000 common shares to the shareholders of Aligned, and pay up to an additional 4,500,000 common shares over the next three years subject to a performance earnout based on cash flow. As I write, shares of Apollo were flat at $0.21 per share on light volume of just over 25,000 shares. Apollo has a market cap of $6 million and a 52-week range between $0.07 and $0.24 per share.

Raouf Khalil, MBA, Chief Executive Officer of Aligned, was named President of Aligned Healthcare Group and will be added to the Board of Directors of Apollo Medical Holdings. In addition, Jamie McReynolds, M.D. will become Chief Medical Officer and Bette Jane Reese, RN, MHA will become Chief Operating Officer of the Aligned Division respectively.

"The combination of ApolloMed and Aligned creates a powerful multidisciplinary care management organization that coordinates care across settings," stated Warren Hosseinion, M.D., Chief Executive Officer of Apollo Medical Holdings, Inc. "The new ApolloMed integrated model provides the infrastructure to help provider groups and health plans achieve objectives for utilization efficiency, quality of care and cost control within the shared accountability arrangements that are emerging within the new world of healthcare payment reform."

"It is a pleasure to join forces with the management team of Aligned, an acknowledged leader in medical management. They have a proven track record providing scalable, patient-centered care management services for hospitals and health plans," stated Adrian Vazquez, M.D., President and Chairman of Apollo Medical Holdings, Inc. "By combining our two organizations, we will broaden our service offering to improve the quality of patient care in hospitals, post-acute care facilities and at home. It also enables us to achieve a balance between optimal length of stay and avoidance of readmissions."

"Integrating inpatient care and outpatient services as well as providing 24/7 physician access is a unique value and essential for desired clinical and financial outcomes. The Aligned portfolio of care and transition services is strengthened considerably with the addition of ApolloMed's network of hospitalists. This combination of services does not exist in the market today and is in great demand as provider entities look for solutions to improve patient care and improve performance and accountability throughout their organizations," said Raouf Khalil, MBA, President of Aligned Healthcare.

Apollo is a provider of integrated medical management services that improves the efficiency in inpatient care plus multi-disciplinary care management services targeting inefficiencies in healthcare payer and provider networks. Apollo’s integrated model combines hospitalist medicine, 24-hour physician call centers, case management and transition management that offers to help healthcare organizations engage in performance payments for utilization efficiency, quality of care objectives and shared accountability arrangements.

For more information, please visit: www.apollomed.net.

Distributed by IntelBuilder Social Media Platform