Apollo Medical Holdings entered into a definitive agreement to acquire nine primary care clinics in Las Vegas, Houston, and Fort Worth operating as Valley Oaks Medical Group. VOMG provides value-based primary care services to its local communities and serves over 20,000 patients, including approximately 6,000 Medicare members.
The acquisition marks ApolloMed’s entry into operating primary care clinics in Nevada and Texas, and expands ApolloMed’s membership across VOMG’s nine centers. The company said it anticipates closing the transaction by the end of the fourth quarter and will fund the deal with an unspecified amount of cash on hand. Read more.
