ApolloMed net revenue increases 31.2% to $5.1M for fiscal year 2012

Apollo Medical Holdings, Inc. ("ApolloMed") (OTC-AMEH.PK) announced financial results for its fiscal year ended January 31, 2012.

Fiscal Year 2012 Financial Highlights:

• Net revenue increased 31.2% to $5.1 million for the fiscal year ended January 31, 2012 compared to $3.9 million in the fiscal year ended January 31, 2011
• Gross profit increased 68.1% to $978,407 for the fiscal year ended January 31, 2012 compared to $581,862 in the fiscal year ended January 31, 2011
• Operating (loss) income was ($413,335) for the fiscal year ended January 31, 2012 compared to $4,015 in the fiscal year ended January 31, 2011
• Non-GAAP Adjusted EBITDA increased 33.6% was $181,401 for the fiscal year ended January 31, 2012 compared to $135,740 in the fiscal year ended January 31, 2011

Other Highlights:

• Added 3 new hospital contracts during the year, bringing total number to six
• Contracted with 3 health plans to provide inpatient care for its members at 23 hospitals
• Acquired Pulmonary Critical Care Management Inc. to expand our ICU management service offering
• 2 new Board members were added to increase governance

"ApolloMed has again generated record net revenues for the year," stated Warren Hosseinion, M.D.  Chief Executive Officer. "We continue to execute on our growth strategy on all fronts, including expanding our geographic footprint and adding new hospital, medical group and health plan clients. We are seeing more demand for our hospitalist, critical care and multi-disciplinary care management services as all participants in the healthcare delivery chain look to improve metrics and reduce unnecessary costs.  We are investing in our infrastructure to create a company geared for expansion.  We are confident in the ongoing direction of ApolloMed and will continue to look for new growth opportunities to leverage our excellent care management product offering."