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Apollo Medical Holdings Affiliate to Acquire Jade Health Care Medical Group.

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MANews-(C)2009-2021

An affiliate of US-based healthcare company Apollo Medical Holdings, Inc. (NASDAQ: AMEH), AP-AMH 2 Medical Corp., has entered into a definitive agreement to acquire 100% of the fully diluted capitalization of US-based primary and specialty care physicians' group Jade Health Care Medical Group, the company said.

The company anticipates closing this transaction by the end of 2Q22 and will fund the transaction from cash on hand.

Primarily serving patients in the San Francisco Bay Area in Northern California, Jade Health is a risk-bearing organization that has successfully provided culturally competent, linguistically appropriate, professional services to members in its local communities since 2016.

Jade Health is committed to delivering high-quality, affordable healthcare to Medicaid, Medicare, and Commercial members through its over 350 primary and specialty care providers.

The transaction will add approximately 13,000 members, primarily located in the City and County of San Francisco and...

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