GLENDALE, Calif., Jan. 8, 2018 /PRNewswire/ -- Apollo Medical Holdings, Inc. ("ApolloMed" or "the Company") (NASDAQ: AMEH), an integrated population health management company, today announced that its management services organization ("MSO"), Network Medical Management, Inc. ("NMM"), has entered into a ten year Management Services Agreement ("MSA") with Accountable Health Care IPA ("Accountable IPA"), one of the largest independent physician associations ("IPA") in California. Additionally, a variable interest entity ("VIE") of ApolloMed has extended a line of credit of up to $18 million to Accountable IPA to fund working capital needs.

Founded in 1993, Accountable Health Care IPA currently provides quality healthcare services to more than 160,000 patients through a network of over 450 primary care physicians and 1700 specialty care physicians. The IPA has multiple product lines, including Medicare Advantage, Commercial, Medi-Cal managed care and Healthy Families.

Pursuant to the terms of the 10-year MSA, NMM will be responsible for managing all health plan members assigned or delegated to Accountable IPA, as well as all hospital risk pools. This effort is expected to be supported by the Company's population health management platform, which includes administrative, clinical and technology capabilities.
In connection with the MSA, a VIE of ApolloMed has extended a line of credit of up to $18 million to Accountable IPA to fund the IPA's working capital needs. The ApolloMed VIE shall have the right, but not the obligation, to convert a portion or all of the principal amount into shares of Accountable IPA's capital stock. Concurrent with the initial funding, the Accountable IPA Board of Directors has been reconstituted to be comprised of two directors, including one director from NMM.

"We are very pleased to announce this new transaction with Accountable IPA, which will add 160,000 patients to our population health management platform," stated Warren Hosseinion, M.D., Co-Chief Executive Officer of Apollo Medical Holdings. "Our integrated platform now has over 860,000 patients who are under value-based capitation arrangements with multiple health plans."

"Accountable IPA shares our goal of supporting physicians in delivering exceptional patient care," stated Thomas Lam, M.D., Co-Chief Executive Officer of Apollo Medical Holdings. "Our advanced analytics platform will also be used to evaluate clinical and claims data to gain valuable, actionable insight on patients."

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