PeaceHealth & ApolloMD

Uh, hey boss. Ah, Jimothy, great timing. You know how recently I decided not to renew the contract of all of our local emergency doctors? Yeah. And instead, I'm giving it to Apollo MD, a company operating 2,000 mi away. Yeah. And how I'm refusing to give any legitimate reason why I'm making this decision? Yeah. It's all over the news. Everybody's mad at you. Well, maybe you'd be less mad if you met one of the doctors from Apollo MD. Okay, Jimothy, this is Dr. Banks. Bartholomew Banks, Private Emergency Medicine. Do I know you from somewhere? I work for Apollo MD, a company definitely not owned by private equity. Okay, that makes me think you are owned by private equity. No, we're not. Even though the co-founder of Apollo MD is the general manager of Valor Bridge, a private equity firm. Jimothy, Apollo MD is a physicianowned company. Technically, it says so on their website. Okay. What is Apollo MD's business plan? We acquire emergency department contracts from all over the country, staff them with a skeleton crew of whoever we can find, and operate them with ruthless efficiency while prioritizing exceptional patient care. Yeah, sure. That sounds a lot like private equity. We are physicianowned. If it walks like a duck and talks like a duck. Okay. Thanks for stopping by, Dr. Banks. Of course. And I'd be very interested in this duck idea of yours. Send over a proposal.