Apollo Medical Holdings, a physician-centric, technology-powered healthcare company focused on value-based care, today announced that it and its affiliated California medical corporation have entered into a definitive agreement to acquire All American Medical Group (“AAMG”) and For Your Benefit (“FYB”), as well as certain related managed care assets.
AAMG is a primary and specialty care physicians’ group focused on providing high-quality, culturally competent care to communities in the San Francisco Bay Area. FYB is affiliated with AAMG and is licensed by the California Department of Managed Health Care as a full-service Restricted Knox-Keene licensed health plan, which enables FYB to assume full financial responsibility, including both professional and institutional risk, for the medical costs of its members under the Knox-Keene Health Care Service Plan Act of 1975.
Apollo anticipates closing the transactions by the end of the first quarter of 2023, subject to regulatory approval, and will fund the deals through a combination of cash on hand and stock. Read more.
