Apollo Medical Holdings Inc., a health care management firm based in Glendale, had a 17-percent boost in revenue last year after its year-long merger with Network Medical Management Inc., the company announced April 3.
Revenue for the newly combined ApolloMed for the year ended Dec. 31 was $357.7 million (or $1.01 per share), compared with $305.9 million (or 46 cents per share), in 2016, according to a year-end filing with the Securities and Exchange Commission.
Nasdaq shares for AMEH closed at $17.68 before the April 3 announcement with a market cap at $646.8 million.
In December, the company closed a year-long merger with Network Medical Management of Alhambra to form one of the nation’s largest population health management companies, with more than 700,000 patients in California through a network of more than 4,000 contracted physicians.
The company reported income from operations increased 200 percent in 2017 to $35.1 million, with assets of $490.6 million.
Health business reporter Dana Bartholomew can be reached at firstname.lastname@example.org. Follow him on Twitter @_DanaBart.