Apollo Medical Holdings has agreed to purchase within three years the remaining equity interests in Diagnostic Medical Group of Southern California. Apollo’s affiliate currently owns 40% of DMG and has committed to purchasing the remaining 60%. In accordance with relevant accounting guidance, the company has determined that DMG is a variable interest entity and DMG’s financial statements will be consolidated with Apollo’s.
DMG is an outpatient imaging center providing MRI, CT, x-ray, bone density, nuclear medicine, ultrasound and mammogram exams, among others. Read more.
