Brief: Apollo Medical Holdings, Inc. Announces Acquisition Of Value-Based Care Technology Platform Orma Health

Astrana Health

27/01/2022 12:50

Jan 27 (Reuters) - Apollo Medical Holdings Inc  AMEH.O :
    * APOLLO MEDICAL HOLDINGS, INC. ANNOUNCES ACQUISITION OF
VALUE-BASED CARE TECHNOLOGY PLATFORM ORMA HEALTH
    * APOLLO MEDICAL HOLDINGS INC - AS PART OF ACQUISITION, NEIL
AHUJA, CO-FOUNDER & CEO OF ORMA HEALTH, WILL JOIN APOLLOMED AS
PRESIDENT, PROVIDER SOLUTIONS
    * APOLLO MEDICAL HOLDINGS INC - AS PART OF DEAL, YUBIN PARK,
CO-FOUNDER OF ORMA HEALTH, WILL JOIN APOLLOMED AS CHIEF
ANALYTICS OFFICER
    * APOLLO MEDICAL HOLDINGS INC - A PORTION OF PURCHASE PRICE
WAS
PAID IN CASH TO EQUITY HOLDERS OF ORMA HEALTH UPON CLOSING OF
TRANSACTION
    * APOLLO MEDICAL HOLDINGS INC - PORTION OF PURCHASE PRICE
WAS PAID
IN IN APOLLOMED STOCK TO EQUITY HOLDERS OF ORMA HEALTH UPON
CLOSING OF DEAL
    * APOLLO MEDICAL HOLDINGS INC - HAS ACQUIRED 100% OF FULLY
DILUTED
CAPITALIZATION OF ORMA HEALTH, INC., AND PROVIDER GROWTH
SOLUTIONS LLC
    * APOLLO MEDICAL HOLDINGS INC - CO WILL FUND TRANSACTION
FROM CASH
ON HAND AND SHARES OF APOLLOMED STOCK
    * APOLLO MEDICAL - REMAINING PURCHASE PRICE TO BE PAID IN
CASH,
STOCK CONTINGENT ON ORMA ACHIEVING CERTAIN MILESTONES OVER 18
MONTHS AFTER CLOSE


Further company coverage:  AMEH.O 

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