Apollo Medical Holdings, Inc. and CAIPA MSO, LLC Announces A Strategic Alliance and Investment by ApolloMed in CAPIA MSO
January 26, 2021 at 01:37 pm
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Apollo Medical Holdings, Inc. and CAIPA MSO, LLC announced a strategic alliance and investment by ApolloMed in CAIPA MSO. CAIPA MSO provides management, consulting, administrative, and other support services to professional healthcare service providers, including to Chinese American IPA d/b/a Coalition of Asian-American IPA ("CAIPA"). With over 1,000 private practice providers covering over 70 specialties, CAIPA's provider network provides medical services and care to approximately 500,000 patients. CAIPA is consistently one of the top performing provider networks in the region in quality and value-based financial performance, and its wholly owned subsidiary CAIPA Care, LLC ("CAIPA Care"), is one of the only New York State Innovator Accountable Care Organizations, a value-based payment contracting designation by New York State that allows it to contract with payors at the most advanced payment levels to improve efficiencies and quality of care for patients. Under the terms of the agreement, ApolloMed will purchase units of membership interest of CAIPA MSO, resulting in ApolloMed owning 30% of the post-closing total interests in CAIPA MSO on a fully diluted basis. Combining ApolloMed's proprietary population health management and healthcare delivery platform with CAIPA MSO's deep experience in New York, this bi-coastal strategic alliance will produce synergies that will benefit patients, physicians and the greater healthcare industry in the United States. ApolloMed and CAIPA MSO are strongly aligned in their mission, which is to ensure that patients receive high-quality care in a cost-efficient manner, especially traditionally underserved populations and minority groups. Together, ApolloMed and CAIPA MSO will help healthcare providers deliver quality care to over 1.6 million patients nationwide, while reducing the overall cost of healthcare. The transaction is subject to third-party consents and other customary closing conditions. ApolloMed will fund the transaction from cash on hand. This transaction is expected to close in the next three to six months.
Astrana Health, Inc. is a healthcare company. The Company provides care coordination services to each constituent of the healthcare delivery system, including patients, families, primary care physicians, specialists, acute care hospitals, alternative sites of inpatient care, physician groups, and health plans. The Company's Care Enablement segment is an integrated, end-to-end clinical and administrative platform, powered by its technology suite, which provides operational, clinical, financial, technology, management, and strategic services. Its Care Partners segment is focused on building and managing provider networks by partnering with provider partners for coordinated care delivery. Its Care Delivery segment is a data-driven care delivery organization focused on delivering accessible care to all patients. Its care delivery organization includes primary care, multi-specialty care, and ancillary care services.
ASTRANA HEALTH, INC. 
