AMEH..$0.19..
Aktien Medical Ventures, LLP Takes 4.9% Position in Apollo Medical Holdings, Inc.
DALLAS, July 21, 2011 /PRNewswire/ -- Aktien, Inc., an investor in micro-cap equity securities for healthcare, energy and technology companies, today announced that it has acquired, through an affiliated partnership, Aktien Medical Ventures, LLP, 4.9% (1,418,500 shares) of the outstanding Common Stock of Apollo Medical Holdings, Inc. (OTC-BB: AMEH), a leading provider of integrated medical management services that improves the efficiency in inpatient care plus multi-disciplinary care management services targeting inefficiencies in healthcare payer and provider networks.
"Over the last ten years, ApolloMed has assembled a healthcare delivery system that improves the quality of care of hospitalized patients while reducing the costs for healthcare payers," stated Ronald F. Beck, Founder, President and Chief Executive Officer of Aktien, Inc. "The company's approach, from initial health risk assessment, efficient inpatient treatment plan, comprehensive discharge planning, and 24/7 physician call centers for post-discharge care, gives patients comprehensive and integrated care that reduces medical errors, hospital length of stay, cost per admission and readmission rates. ApolloMed's unique approach is the answer to many of the problems facing the U.S. healthcare system."
"Aktien has been one of the most successful investors in healthcare for more than 20 years. We welcome Ron's expertise in helping ApolloMed achieve its goals," stated Warren Hosseinion, M.D., Chief Executive Officer of Apollo Medical Holdings, Inc.
About Apollo Medical Holdings, Inc.
Apollo is a leading provider of integrated medical management services that improves the efficiency in inpatient care plus multi-disciplinary care management services targeting inefficiencies in healthcare payer and provider networks. Our integrated model combines hospitalist medicine, 24-hour physician call centers, case management and transition management that offers to help healthcare organizations engage in performance payments for utilization efficiency, quality of care objectives and shared accountability arrangements. The company intends to capitalize on the growing market for hospital-based physicians and care management services. 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, a high rate of hospital errors and high readmission rates. These are drivers for the growth of hospital-based medicine and care management services. Apollo and its affiliated medical groups have proven expertise in providing excellent and efficient care to hospitalized patients.
About Aktien, Inc.
Aktien, Inc. and its predecessor since 1989 have provided, through affiliated partnerships, venture capital and invested in microcap equity securities for healthcare, energy and technology companies. Aktien is based in Dallas, Texas and has offices in Los Angeles and Buenos Aires and invests in companies in the U. S., Canada and South America.
SOURCE Apollo Medical Holdings, Inc.
