Full Press Release Details
Medical Holdings Announces the Appointment of
G. Schmidt to its Board of Directors
CA (PR Newswire) - May 22, 2013 Apollo Medical Holdings, Inc. ("ApolloMed") (OTCQB:AMEH),
an integrated physician-driven healthcare delivery company that puts Patients First,' today announced the appointment
of David G. Schmidt as an independent member of its Board of Directors.
Schmidt is currently a Principal of Schmidt
& Associates, a consultancy practice that focuses on strategic planning and implementation in the healthcare industry. From
2002 to 2010, he served as the CEO and Member of the Board of SCAN Health Plan, the tenth largest Medicare Advantage plan in the
country. With revenues exceeding $1.8 billion, the Company served more than 130,000 Medicare beneficiaries, including a large number
of individuals receiving both Medicare and Medicaid.
Prior to joining SCAN, Schmidt served as
CEO of Medicheck, a firm that provided Internet-based financial service management to healthcare organizations. He led the Company
from development stage through its sale to a healthcare IT company, Passport Health Communications. He then served on Passport's
Board for four years. Prior to Medicheck, Schmidt was the Senior Vice President of Sales and Customer Services for Care America/Blue
Shield Health Plan and Regional Vice President for FHP Healthcare. He received a BA in Economics from UCLA and an MBA from The
Anderson School of Management at UCLA.
"We are honored to have David join
our Board of Directors," stated Warren Hosseinion, MD, Chief Executive Officer of ApolloMed. "His wealth of industry
experience in working with the specialized needs of high growth healthcare companies should prove invaluable to us as we persist
in executing strategies to nationally distinguish ApolloMed as a noted leader in integrated healthcare delivery."
"I am very pleased to be joining
the ApolloMed team, as I believe their physician-driven, patient-centric approach to healthcare delivery will prove to be part
of the solution to our country's healthcare crisis," added Schmidt.
About Apollo Medical Holdings, Inc.
in Glendale, California and dedicated to putting the Patient First,' ApolloMed is a physician-driven integrated healthcare
delivery company, fueled by its commitment to provide exceptional multi-disciplinary care in the communities it serves in Southern
and Central California. ApolloMed is addressing the healthcare needs of the nation's largest population center by leveraging
its integrated healthcare delivery platform through its complementary physician groups: ApolloMed Hospitalists and ApolloMed
ACO (Accountable Care Organization). This platform combines hospitalist medicine, critical care medicine, patient care coordination,
case management and transition management that enable healthcare organizations to engage in performance payments for utilization
efficiency, quality of care objectives and shared accountability arrangements. ApolloMed strives to improve medical
outcomes with high quality, cost efficient care. For more information, please visit www.apollomed.net.
Forward Looking Statements
This press release may contain forward-looking
statements, including information about management's view of future expectations, plans and prospects for Apollo Medical Holdings,
Inc. ("the Company"). In particular, when used in the preceding discussion, the words "predicts,"
"believes," "expects," "intends," "seeks," "estimates," "plans,"
"anticipates," and similar conditional expressions or future or conditional verbs such as "will," "may,"
"might," "should," "would" and "could" are intended to identify forward-looking
statements. In addition, our representatives may from time to time make oral forward-looking statements. Any such statements,
other than those of historical fact, about an action, event or development, are forward-looking statements. Such statements
are based on the current expectations and certain assumptions of the Company's management. Such statements are, therefore,
subject to a variety of known and unknown risks, uncertainties and other factors, many of which are beyond the control of the Company,
which could cause the actual results, performance or achievements of the Company, its subsidiaries and concepts to be materially
different than those that may be expressed or implied in such statements or anticipated on the basis of historical trends.
Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, the Company's
actual results, performance or achievements may vary materially from those described in the relevant forward-looking statement
as being expected, anticipated, intended, planned, believed, sought, estimated or projected. Unknown or unpredictable factors also
could have material adverse effects on the Company's future results. The forward-looking statements included herein
are made only as of the date hereof. The Company cannot guarantee future results, levels of activity, performance or achievements.
Accordingly, you should not place undue reliance on these forward-looking statements. Finally, the Company undertakes no
obligation to update or revise these forward-looking statements to reflect the impact of circumstances or events that arise after
the date the forward-looking statement was made, except as required by law, and also takes no obligation to update or correct information
prepared by third parties that are not paid for by the Company. You should not place undue reliance on any forward-looking statement
and should consider the uncertainties and risks discussed under Item 1A. "Risk Factors" of the Company's Annual
Report on Form 10-K for the year ended January 31, 2013 and in any of the Company's other subsequent Securities and Exchange
FOR ADDITIONAL INFORMATION
Dodi Handy or Kathy Addison
407-585-1080 or via email at AMEH@hanoverelite.com