ApolloMed Takes Minority Equity Stake In Telehealth Company

Apollo Medical Holdings — an integrated population health management company delivering value-based care — has taken a minority equity stake and board seat in Florida-based telehealth company LifeMD.

Additionally, Warren Hosseinion, M.D., Chief Executive Officer of ApolloMed, will take a seat on the LifeMD Board of Directors.

Based in Boynton Beach, Florida, and currently providing telehealth services in 43 states, LifeMD is touted as a leading comprehensive telehealth company with a proprietary platform that delivers a fully-integrated telehealth solution which allows healthcare providers and patients to connect and manage medical conditions which can be treated and monitored remotely.

Their HIPAA/FERPA-compliant technology incorporates a cloud-based multi-point video conferencing system with an embedded phone bridge. It uses a codec which is FDA-approved for transmitting medical images, sounds and data while maintaining cross-platform capabilities.

“We are committed to partnering with innovative healthcare technology companies that help us achieve the triple aim of improved quality of care, improved patient satisfaction and reduced healthcare expenditures,” stated Warren Hosseinion, M.D., Chief Executive Officer of Apollo Medical Holdings. “We were very impressed with LifeMD’s medical-grade telehealth equipment, proprietary cloud-based software and support services, and see great potential in improving access to healthcare for our patients, deploying our Apollo Care Connect digital care plans across the care continuum and managing care in more cost-effective and convenient settings for patients.”

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