GLENDALE, Calif., Nov. 16, 2016 /PRNewswire/ -- Apollo Medical Holdings, Inc. ("ApolloMed" or "the Company") (OTC: AMEH), an integrated population health management company, today announced the acquisition of Bay Area Hospitalist Associates, a hospitalist, intensivist and post-acute care practice with a presence at four hospitals and several skilled nursing facilities in San Francisco.
Under the terms of the stock purchase agreement, an affiliate of ApolloMed acquired 100% of the equity in Bay Area Hospitalist Associates ("BAHA"). The two companies had previously entered into a management services agreement in March 2015 under which Apollo Medical Management provided management services to BAHA and BAHA became a variable interest entity of ApolloMed. The operations and employees of BAHA will be integrated into ApolloMed, and the acquisition will strengthen ApolloMed's leadership bench, expand its customer base and deepen its geographic footprint in Northern California.
Headquartered in San Francisco and founded in 2010, BAHA provides hospitalist, intensivist and post-acute care services at three acute care hospitals, one long-term acute care hospital and several skilled nursing facilities. The group, founded by Dr. Scott Enderby, currently has approximately 30 hospitalist physicians, 6 intensivists and 4 nurse practitioners, in addition to an office staff of 5 personnel.
"We are excited to join ApolloMed and believe we will be better positioned to fulfill our core mission of delivering world-class care for our patients. Additionally, our employees will benefit from becoming part of a larger, more diversified company," stated Scott Enderby, D.O., Founder and Chief Executive Officer of Bay Area Hospitalist Associates. "ApolloMed shares our vision of transforming the hospital medicine industry and was a natural complement for us."
"BAHA has a superb reputation in the San Francisco Bay Area and we are very excited to welcome Scott and his team to the ApolloMed family," stated Warren Hosseinion, M.D., Chief Executive Officer of Apollo Medical Holdings. "Together, we believe we can bring the full force of our combined resources to expand further in Northern California."
About Apollo Medical Holdings, Inc.
Founded in 2001 and headquartered in Glendale, California, ApolloMed is an integrated population health management company committed to providing exceptional multi-disciplinary care in the communities it serves. ApolloMed is addressing the healthcare needs of its patients by leveraging its integrated healthcare delivery platform comprised of: ApolloMed Hospitalists, ApolloMed ACO (Accountable Care Organization), Maverick Medical Group (Independent Physician Association), Apollo Care Connect, Apollo Medical Management and Apollo Palliative Services. ApolloMed strives to improve medical outcomes with high-quality, cost-efficient care. For more information, please visit www.apollomed.net
Forward Looking Statements
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SOURCE Apollo Medical Holdings, Inc.