AMEH - Apollo Medical to buy controlling interest in Sun Labs for $4M

Apollo Medical (AMEH) to acquire Sun Clinical Laboratories, under which ApolloMed will purchase controlling interests in Sun Labs for $4M. Sun Labs is a CLIA-certified full-service lab that operates 19 locations across the San Gabriel Valley in southern California. The combination will allow ApolloMed to fully incorporate Sun Labs, an existing partner, into its integrated value-based care delivery platform, leading to greater operational efficiencies for ApolloMed and more integrated care for ApolloMed's members and guide the expansion of Sun Labs into other geographic regions. Upon closing the transaction, ApolloMed expects to consolidate Sun Labs' financials into its GAAP results.ApolloMed will fund the transaction from cash on hand and the deal is expected to close within the next three months, subject to customary closing conditions..

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Apollo Medical to buy controlling interest in Sun Labs for $4M