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Apollo Medical to take minority stake in telehealth company LifeMD

Apollo Medical Holdings Inc. said it took a minority equity stake in Florida-based telehealth company LifeMD.

LifeMD provides a telehealth platform that helps healthcare providers connect with patients. The deal will combine ApolloMed's network with LifeMD's telehealth infrastructure, ApolloMed said in a news release.

Financial terms of the deal were not disclosed.

Apollo Medical CEO Warren Hosseinion will also join the LifeMD board.