Two population health management companies merge

Apollo Medical Holdings (ApolloMed), an integrated population health management company, and Network Medical Management (NMM), a management services organization, have successfully completed their merger.

The newly combined company will continue as Apollo Medical Holdings. It will bring together two leading, complementary healthcare organizations to form one of the largest population health management companies in the US, and will coordinate the care and provide medical management for over 700,000 patients in California through a network of over 4000 contracted physicians and over 400 employees, the company said.

"We are very pleased to announce the completion of our merger with Network Medical Management to create one of the leading population health management companies in the nation," stated Warren Hosseinion, co-CEO of Apollo Medical Holdings. "Our technology-enabled platform allows us to provide a comprehensive suite of solutions for physicians, hospitals, managed care organizations and accountable care organizations. We see tremendous growth opportunities ahead."

Co-CEO Thomas Lam added: "Our two organizations complement each other and we believe this will allow us to advance our integrated care delivery model. We believe the combination of the resources of our two organizations is unique, and we are really excited about the future."

ApolloMed will be led by Hosseinion, and Lam as co-chief executive officers, Kenneth Sim as executive chairman, Gary Augusta as president, Mihir Shah as chief financial officer, and Hing Ang as chief operating officer.

Adrian Vazquez and Albert Young will be co-chief medical officers. The board of directors will consist of nine directors five appointees (including three independent directors) from NMM and four appointees (including two independent directors) from ApolloMed.

Sim said: "Through this combination, we aim to become the industry leader in the transition of US healthcare to value-based reimbursements."