Apollo Medical Holdings reported a strong third quarter with a 10% increase in total revenue and a 34% increase in capitated revenue compared to the previous year. The company achieved a 15% adjusted EBITDA margin and narrowed its full-year guidance range. They also announced the intent to acquire assets relating to Community Family Care Medical Group and partnerships with two other provider groups, expanding their value-based care business.
Total revenue increased by 10% year-over-year.
Capitated revenue increased by 34% year-over-year.
Adjusted EBITDA margin was 15%.
The company announced the intent to acquire assets relating to Community Family Care Medical Group.
ApolloMed narrowed its full-year 2023 guidance, which includes the impact of excluded assets held by APC. These ranges are based on the Company’s existing business, current view of existing market conditions, and assumptions for the year ending December 31, 2023.
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