Apollo Medical to repurchase $100M common stock from related-party APC

Astrana Health, Inc.

Repurchase of $99,999,996.38 of common stock from Allied Physicians of California (APC), a consolidated affiliate.
APC's leadership includes Co-CEO Dr. Thomas Lam, Executive Chairman Dr. Kenneth Sim, and CAO Dr. Albert Young.
Per share price determined by formula in Exhibit A; closing within 20 business days of November 6, 2023.
Transaction approved by Board and Audit Committee; selling stockholder represents shares free of liens.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Astrana Health, Inc. entered into stock repurchase agreement with Allied Physicians of California, a Professional Medical Corporation (APC) valued at approximately $100 million (effective 2023-11-06).

Action: entry
Agreement: equity purchase
Counterparty: Allied Physicians of California, a Professional Medical Corporation (APC)
Value: approximately $100 million
Effective: 2023-11-06

Exact text from the filing

On November 6, 2023, Apollo Medical Holdings, Inc. (the “Company”) entered into a stock repurchase agreement with Allied Physicians of California, a Professional Medical Corporation (“APC”), pursuant to which the Company agreed to repurchase approximately $100 million of the Company’s common stock from APC.

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Astrana Health, Inc. filing history →

Source: SEC EDGAR

accession 0001104659-23-115249

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