October 27, 2008
Pacific IPA Selects ApolloMed Hospitalists to Provide Inpatient Care at San Gabriel Valley Medical Center
Apollo Medical Holdings, Inc. (OTCBB:AMEH), a leading provider of management services to medical groups that provide comprehensive hospital-based medical services, today announced that ApolloMed Hospitalists, one of its affiliated medical groups, has signed a hospitalist service agreement with Pacific IPA of El Monte, California to provide inpatient care at San Gabriel Valley Medical Center.
"Pacific IPA has an outstanding heritage of service. This is a great partnership that will continue our tradition of excellence in inpatient care," stated Warren Hosseinion, M.D., Chief Executive Officer of Apollo Medical Holdings, Inc.
"ApolloMed now provides hospitalist services to both Pacific IPA (PIPA) and Allied Physicians of California (APC), the two largest IPA's in this area," stated Adrian Vazquez, M.D., President of Apollo Medical Holdings, Inc.
ApolloMed Hospitalists started providing hospitalist services to Allied Physicians of California in February, 2007 at San Gabriel Valley Medical Center, Garfield Medical Center and Alhambra Hospital.
About Apollo Medical Holdings, Inc.
Apollo is a leading provider of management services to medical groups that provide comprehensive hospital-based medical services. 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.