AMEH - Apollo Medical to buy assets of Texas Independent Providers
2023-07-12 10:53:32 ET
Healthcare management company Apollo Medical Holdings ( NASDAQ: AMEH ) plans to expand its footprint in the Texas market by acquiring assets from Texas Independent Providers, or TIP.
TIP overseas a network of over 120 primary care providers that provide care for more than 4,500 Medicare Advantage patients in the greater Houston area.
Details of the deal were not disclosed. Apollo intends to pay for the acquisition, which is expected to close in Q3, with cash on hand.
More on Apollo:
- Apollo Medical: Struggling To Turn Incremental Capital Into Market Value
- Apollo Medical GAAP EPS of $0.31 in-line, revenue of $337.2M beats by $25.91M
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Apollo Medical to buy assets of Texas Independent Providers