Apollo Medical Holdings Signs Definitive Agreement To Acquire Assets Of Texas Independent Providers; Carlos Palacios, To Join ApolloMed As CMO And Vincent Roth To Join As Group Vice President Of Operations For Texas
Portfolio Pulse from Benzinga Newsdesk
Apollo Medical Holdings (AMEH) has signed an agreement to acquire assets of Texas Independent Providers (TIP), marking its expansion into Texas. TIP provides primary care services to over 4,500 Medicare Advantage patients in Harris County. ApolloMed will use its value-based care management and operational platform to improve TIP's provider network. The transaction is expected to close in Q3 2023 and will be funded with cash on hand.
July 12, 2023 | 12:11 pm
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Apollo Medical Holdings' acquisition of Texas Independent Providers assets could potentially expand its customer base and improve its service delivery. The deal is expected to close in Q3 2023.
The acquisition of Texas Independent Providers by Apollo Medical Holdings is a strategic move to expand its operations and customer base in Texas. This could potentially lead to increased revenues and improved service delivery, which could positively impact the company's stock price in the short term.
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IMPORTANCE 80
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