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Apollo Medical Holdings Announces Record Fiscal Year-End Results
Date:5/3/2013

ficially selected by the Centers for Medicare and Medicaid Services to participate in the Medicare Shared Savings Program as one of only eight ACOs selected in the State of California during the year.
  • In September, ApolloMed Hospitalists was signed by L.A. Care Health Plan, the largest Medi-Cal managed care plan in California and the largest public health plan in the nation, to provide hospitalist management services at all hospitals in Los Angeles which ApolloMed serves.
  • In October, Glendale Memorial Hospital, recognized as one of 'America's 50 Best Hospitals' by Healthgrades, chose ApolloMed to provide critical care services for its Intensive Care Unit.
  • Also in October, the Company expanded its ApolloMed Hospitalists business into Orange County, California, initiating 24/7 coverage at four area hospitals:  Fountain Valley Regional Medical Center, a 400-bed full-service acute care facility owned by Tenet Healthcare Corporation and one of the largest hospitals in the county; Huntington Beach Hospital, a 131-bed facility owned by Prime Healthcare; Kindred Hospital in Westminster, a 99-bed long term acute care (LTAC) facility; and Kindred Hospital in Santa Ana, a 54-bed LTAC facility. Both LTACs are owned by Kindred Healthcare, the largest diversified provider of post-acute care services in the U.S.
  • In late November, ApolloMed Hospitalists signed a service agreement with California Hospital Medical Center to provide hospitalist services to the 316-bed acute care hospital located in downtown Los Angeles.
  • During the year, the Company expanded its Board of Directors with the welcome addition of Gary Augusta, Mark Meyers, Mitchell Creem and Ted Schreck, who was named Chairman.
  • Commenting on the yearend results, ApolloMed CEO Warren Hosseinion, M.D. stated, "On reflection, fiscal 2013 was a very rewarding year for us – a year in which we made vital progress on the expansion of our three core busine
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    SOURCE Apollo Medical Holdings, Inc.
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