ApolloMed to acquire Community Family Care Medical Group for $202m.

ApolloMed, a physician-centric, technology-powered, risk-bearing healthcare company delivering high quality care, agreed to acquire Community Family Care Medical Group, a scaled provider group, with more than 350 primary care physicians and 500 specialists on platform, manages the healthcare of over 200k members in the Los Angeles area, for $202m. "We are pleased to strengthen our existing relationship with ApolloMed through this transaction, which is a natural progression towards the continued growth and success of CFC. Leveraging ApolloMed's Care Enablement solution has empowered our physicians to deliver better care and enabled the company to deliver a multi-year, growing track record of profitability while managing Medicaid populations under value-based care contracts. We are incredibly excited for the next chapter of CFC's growth and success in serving those who most need it across Los Angeles and beyond," Accie Mitchell, CFC CEO.