Brief: Apollo Medical Announces Affiliate's Entry Into Deal To Buy Stake In Access Primary Care Medical Group

Astrana Health

19/07/2021 13:24

July 19 (Reuters) - Apollo Medical Holdings Inc  AMEH.O :
    * APOLLO MEDICAL HOLDINGS, INC. ANNOUNCES AFFILIATE'S ENTRY
INTO
AGREEMENT TO ACQUIRE A CONTROLLING STAKE IN ACCESS PRIMARY CARE
MEDICAL GROUP
    * APOLLO MEDICAL HOLDINGS INC - 50% OF PURCHASE PRICE WILL
BE PAID
IN CASH TO APCMG WITHIN 10 BUSINESS DAYS OF CLOSING OF
TRANSACTION
    * APOLLO MEDICAL HOLDINGS INC - REMAINING 50% WILL BE PAID
UPON
APCMG ACHIEVING CERTAIN FINANCIAL MILESTONES IN 2022
    * APOLLO MEDICAL HOLDINGS INC - COMPANY ANTICIPATES CLOSING
THIS
TRANSACTION IN Q3 OF 2021 AND WILL FUND TRANSACTION FROM CASH ON
HAND
    * APOLLO MEDICAL HOLDINGS INC - DEFINITIVE AGREEMENT TO
ACQUIRE
80% OF FULLY DILUTED CAPITALIZATION OF ACCESS PRIMARY CARE
MEDICAL GROUP

Source text for Eikon:  ID:nPnhKR3Za 
Further company coverage:  AMEH.O 

 ((Reuters.Briefs@thomsonreuters.com;))