AMEH - Apollo Medical to acquire remaining 60% stake in Diagnostic Medical Group within 3 years

Apollo Medical Holdings (NASDAQ:AMEH) said its affiliate will acquire the remaining 60% equity interest in in Diagnostic Medical Group of Southern California ("DMG") within three years. DMG is an outpatient imaging center providing MRI, CT, x-ray, bone density, nuclear medicine, ultrasound and mammogram exams, among others and operates four locations in the San Gabriel Valley area of southern California. The company expects to use its extensive network and operational experience in introducing DMG to new markets in other geographic regions.

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Apollo Medical to acquire remaining 60% stake in Diagnostic Medical Group within 3 years