Apollo Medical Holdings Inc (AMEH)

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AMEH.. $0.2588 New High

ApolloMed Hospitalists Selected to Provide Hospitalist Services to Glendale Memorial Hospital

PR Newswire - Mar 31 at 09:00

Company Symbols: OTC-PINK:AMEH


GLENDALE, Calif., March 31, 2011 /PRNewswire/ -- Apollo Medical Holdings, Inc. (OTC-BB: AMEH), a leading provider of hospitalist and care management services to the healthcare community, today announced that ApolloMed Hospitalists, one of its affiliated medical groups, signed a service agreement with Glendale Memorial Hospital, a CHW facility, to provide comprehensive inpatient care services at the 334-bed facility in Glendale, California. Under the agreement, ApolloMed will provide hospitalist services for inpatient physician coverage and coordination of care for unassigned and uninsured patients at the hospital. ApolloMed currently provides 24-hour coverage at Glendale Memorial Hospital to over 20 IPAs and healthplans.

&;Glendale Memorial is an exceptional facility and we look forward to working with the medical staff and management to improve patient care and efficiencies. Inpatient medicine requires different skill sets from treating patients outside the hospital. All of our physicians are board certified in internal medicine and have years of experience treating hospitalized patients,&; stated Warren Hosseinion, M.D., Chief Executive Officer of Apollo Medical Holdings.

&;Glendale Memorial Hospital and Health Center is pleased to have the support of ApolloMed as our new hospitalist group that will provide coverage for our emergency department patient admissions. They have a great depth of experience and are highly respected by our medical staff,&; stated Mark Meyers, President of Glendale Memorial Hospital and Health Center.

&;ApolloMed Hospitalists was started at Glendale Memorial Hospital in 2001 and the hospital has been a great supporter of ApolloMed and our physicians since the beginning. We look forward to a closer working relationship between the two groups,&; 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.

SOURCE Apollo Medical Holdings, Inc.