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Friday, Mar 29, 2024

Apollo Medical Completes Reverse Merger

After completing a reverse merger with Siclone Industries Inc., Apollo Medical Holdings Inc. will become a publicly listed company. Based in Glendale, Apollo provides management assistance to groups that offer hospital-based medical services. In light of the reverse merger, Siclone has changed its name to Apollo Medical Holdings Inc., and its former CEO, Paul Adams, has resigned and been replaced by Warren Hosseinion, M.D. “The successful completion of this transaction coupled with Apollo’s common stock listing on the OTC Bulletin Board are both major milestones for us,” stated Hosseinion. “Our listing on the OTC-BB will provide us with access to new sources of capital with which to grow our company, and greatly enhance our visibility and market awareness.” Now, Apollo intends to capitalize on the growing market for hospital-based physicians, such as hospitalists, or physicians with expertise in hospital medicine. It is estimated that only 40 percent of hospitals have full-time hospitalists on staff, which Apollo representatives believe provides a unique opportunity for the company.

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