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Apollo Medical Reports Q2 Earnings

Hospitalist services provider Apollo Medical Holdings widened its net loss in the second quarter when compared to the prior year. The Glendale-based company reported a loss of $3.2 million, or $0.10 per diluted share, on revenue of $1.6 million for the quarter ending July 31. For the same period in 2011, the company reported a net loss of $122,833 on revenue of $1.1 million. The increase in revenue was attributed to the acquisition of Los Angeles Lung Center, new hospital contracts, and expansion of services with existing medical group clients at new hospitals. For the six month period, Apollo Medical had a net loss of $3.4 million, or $0.11 per diluted share, on revenue of $3.3 million. For the same period in 2011 the company had a net loss of $351,764, or $0.01 per diluted share, on revenue of $2.1 million. Mark R. Madler

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