Quarterly report pursuant to Section 13 or 15(d)

Subsequent Events

v3.21.2
Subsequent Events
6 Months Ended
Jun. 30, 2021
Subsequent Events [Abstract]  
Subsequent Events Subsequent Events
Access Primary Care Medical Group

On July 15, 2021, a physician-owned designated shareholder professional corporation affiliated with the Company entered into a definitive agreement to acquire 80% of the fully diluted capitalization of Access Primary Care Medical Group (“APCMG”). 50% will be paid out in cash to APCMG within 10 business days of the transaction and the remaining 50% will be paid out in cash upon APCMG’s achievement of certain financial milestones related to fiscal year 2022. APCMG is a primary care physicians' group focused on providing high-quality care to senior patients.
Sun Clinical Laboratories
On June 1, 2021, the Company entered into a definitive agreement with Sun Clinical Laboratories ("Sun Labs"), under which the Company will purchase a 49% interest in Sun Labs for $4.0 million. Sun Labs is a CLIA-certified full-service lab that operates 19 locations across the San Gabriel Valley in southern California. The transaction is expected to close by the end of the third quarter of 2021.