Apollo Medical Holdings Inc (AMEH)

[10 bagger]

AMEH.. $0.085 Cross post..

Posted by: Knowledge is King Date: Friday, June 04, 2010 9:03:22 AM
In reply to: 10 bagger who wrote msg# 2801 Post # of 2922

AMEH lands another hospital contract


(PR Wires) PRW: Apollo Medical Holdings, Inc. Announces New Hospital Contrac
t at Monterey Park Hospital


GLENDALE, Calif.--(BUSINESS WIRE)--June 04, 2010--
Apollo Medical Holdings, Inc. (OTCBB:AMEH), a leading provider of
hospitalist services to the healthcare community, today announced that
ApolloMed Hospitalists, one of its affiliated medical groups, signed a
service agreement with Monterey Park Hospital to provide advisory services
and inpatient care at the 101-bed facility in Monterey Park, California.
"Monterey Park Hospital is an outstanding facility and we are excited about
the opportunity to begin to work with the hospital administration, medical
staff and patients," stated Warren Hosseinion, M.D., Chief Executive Officer
of Apollo Medical Holdings, Inc. "ApolloMed now has a presence at nineteen
hospitals in the Greater Los Angeles area."
"ApolloMed has continued to execute on its vision of providing high quality
and efficient care to multiple healthcare payors, facilities and providers,"
stated Adrian Vazquez, M.D., President and Chairman of Apollo Medical
Holdings, Inc.
About Apollo Medical Holdings, Inc.
Apollo is a leading provider of hospitalist services to the healthcare
community in the Greater Los Angeles area. The company intends to capitalize
on the growing market for hospital-based physicians, such as hospitalists,
or physicians with expertise in hospital medicine. There are 4900 acute care
hospitals in the U.S., with over 35 million annual admissions. Total U.S.
spending on hospital care is over $650 billion, and is expected to increase
to $1.3 trillion by 2016. There are tremendous inefficiencies in the
delivery of inpatient care and a high rate of hospital errors. Both of these
are drivers for the growth of hospital-based medicine. Apollo and its
affiliated medical groups have proven expertise in providing excellent and
efficient care to hospitalized patients.
To learn more about ApolloMed, please visit our website: www.apollomed.net

CONTACT: ApolloMed PR Contact:
Kyle Francis, 818-507-4617

SOURCE: Apollo Medical Holdings, Inc.
Copyright Business Wire 2010