Apollo Medical (AMEH.OB) Acquisition Combines Solid Management and Creates Expectant Future
Apollo Medical Holdings Inc., a leading provider of hospitalist services to the healthcare community, 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-percent ownership interest in Aligned, Apollo will issue 1 million common shares to the shareholders of Aligned, as well as pay up to an additional 4.5 million common shares over the next three years, subject to a performance earn-out based on cash flow. Raouf Khalil, MBA, CEO of Aligned, has 23 years of experience in the healthcare…