APOLLO MEDICAL HOLDINGS ANNOUNCES ACQUISITION OF ALPHA CARE MEDICAL GROUP Alhambra, CA - (PR Newswire)

APOLLO MEDICAL HOLDINGS ANNOUNCES

ACQUISITION OF ALPHA CARE MEDICAL GROUP

Alhambra, CA - (PR Newswire)

- June 4, 2019 - Apollo Medical Holdings, Inc. ("ApolloMed" or the "Company") (NASDAQ:

AMEH), an integrated population health management company, today announced that Allied Physicians of California, a Professional

Medical Corporation d.b.a. Allied Pacific of California ("APC") and APC-LSMA Designated Shareholder Medical Corporation

("APC-LSMA") have completed their acquisition of Alpha Care Medical Group, Inc. ("Alpha Care"). APC is

an independent practice association ("IPA") that the Company has determined should be consolidated as a variable interest

entity ("VIE") with the Company's financial statements under United States generally accepted accounting principles

(U.S. GAAP). APC-LSMA has as its sole shareholder, Thomas Lam, M.D., Chief Executive Officer of the Company and Chief Executive

and Financial Officer of APC, and is controlled by APC.

On May 31, 2019, under the terms of the

stock purchase agreement, APC and APC-LSMA acquired 100% of the capital stock of Alpha Care from Dr. Kevin Tyson for an aggregate

purchase price of $45,000,000 in cash, subject to post-closing adjustments, as defined. The completion of this acquisition

will expand the Company's capitated membership population base and deepen its geographic footprint in Southern California.

Alpha Care, an IPA which has been operating

in California since 1993, is a risk bearing organization engaged in providing professional services under capitation arrangements

with its contracted health plans through a provider network consisting of primary care and specialty care physicians. Alpha Care

specializes in delivering high-quality healthcare to over 180,000 enrollees and focuses on Medi-Cal/Medicaid, Commercial, and Medicare

and Dual Eligible members in the Riverside and San Bernardino counties of Southern California.

"The acquisition of Alpha Care positions

our patient-centered, physician-led organization to replicate our business model in the Riverside and San Bernardino counties,

while realizing the synergies of aggregating multiple IPAs," said Kenneth Sim, M.D., Executive Chairman of ApolloMed. "This

acquisition demonstrates our continued commitment to the growth of our company," stated Dr. Kenneth Sim.

Note About Consolidated Entities

The Company consolidates

entities in which it has a controlling financial interest. The Company consolidates subsidiaries in which it holds, directly or

indirectly, more than 50% of the voting rights, and variable interest entities ("VIEs") in which the Company is the

primary beneficiary. Noncontrolling interests represent equity ownership interests in the Company's consolidated entities

(including certain VIEs). The amount of net (loss) income attributable to noncontrolling interests is disclosed in the Company's

consolidated statements of income.

About Apollo Medical Holdings, Inc.

leading physician-centric integrated population health management company, which, together with its subsidiaries, including a Next

Generation Accountable Care Organization ("NGACO"), and its affiliated independent practice associations ("IPAs")

and management services organizations ("MSOs"), are working to provide coordinated, outcomes-based high-quality medical

care for patients, particularly senior patients and patients with multiple chronic conditions, in a cost-effective manner.

ApolloMed focuses on addressing the healthcare needs of its patients by leveraging its integrated health management and healthcare

delivery platform that includes Network Medical Management, Inc. (an MSO), Apollo Medical Management, Inc. (an MSO), ApolloMed

Hospitalists, APA ACO, Inc. (the Company's NGACO), APC (an IPA) and Apollo Care Connect, Inc. (the Company's Digital

Population Health Management Platform). For more information, please visit www.apollomed.net.

Forward Looking Statements

release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section

27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, such as statements

about the Company's continued growth and business outlook, ability to deliver sustainable long-term value, ability to respond

to the changing environment, operational focus and strategic growth plans as well as the impact of the Company's acquisitions. Forward-looking

statements reflect current views with respect to future events and financial performance and therefore cannot be guaranteed. Such

statements are based on the current expectations and certain assumptions of the Company's management, and some or all

of such expectations and assumptions may not materialize or may vary significantly from actual results. Actual results may

also vary materially from forward-looking statements due to risks, uncertainties and other factors, known and unknown, including

the risk factors described from time to time in the Company's reports to the SEC, including, without limitation, the risk factors

discussed in the Company's Annual Report on Form 10-K filed with the SEC on March 18, 2019.

FOR MORE INFORMATION, PLEASE CONTACT:

Chief Financial Officer

Apollo Medical Holdings, Inc.