tiprankstipranks
Apollo Medical authorizes share repurchase program
The Fly

Apollo Medical authorizes share repurchase program

Apollo Medical authorized a new share repurchase program, effective immediately, authorizing the purchase of up to $50M of its shares of common stock. The share repurchase program does not have an expiration date and does not obligate the Company to purchase any shares. The Board may suspend or discontinue the repurchase program at any time. ApolloMed expects to pay for the repurchases using internally available cash. As of September 30, 2022, ApolloMed’s cash balance was $184.0 million. ApolloMed had 56.7 million shares of common stock outstanding, as of October 28, 2022.

Published first on TheFly

See today’s best-performing stocks on TipRanks >>

Trending

Name
Price
Price Change
S&P 500
Dow Jones
Nasdaq 100
Bitcoin

Popular Articles