<SEC-DOCUMENT>0001144204-17-057815.txt : 20171213
<SEC-HEADER>0001144204-17-057815.hdr.sgml : 20171213
<ACCEPTANCE-DATETIME>20171109170329
<PRIVATE-TO-PUBLIC>
ACCESSION NUMBER:		0001144204-17-057815
CONFORMED SUBMISSION TYPE:	CORRESP
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20171109

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Apollo Medical Holdings, Inc.
		CENTRAL INDEX KEY:			0001083446
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-MANAGEMENT CONSULTING SERVICES [8742]
		IRS NUMBER:				870042699
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0331

	FILING VALUES:
		FORM TYPE:		CORRESP

	BUSINESS ADDRESS:	
		STREET 1:		700 NORTH BRAND BLVD.,
		STREET 2:		SUITE 1400
		CITY:			GLENDALE
		STATE:			CA
		ZIP:			91203
		BUSINESS PHONE:		818-839-5200

	MAIL ADDRESS:	
		STREET 1:		700 NORTH BRAND BLVD.,
		STREET 2:		SUITE 1400
		CITY:			GLENDALE
		STATE:			CA
		ZIP:			91203

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	SICLONE INDUSTRIES INC
		DATE OF NAME CHANGE:	19990413
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<SEQUENCE>1
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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 5pt"><U>SEC Comment 2:</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

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<TD STYLE="width: 7.5pt"></TD><TD STYLE="width: 36pt"><B>2.</B></TD><TD STYLE="text-align: justify; padding-right: 5.8pt"><B>We note your response to comment 11. Since the discounted cash flow analysis
is based on the projected future cash flows of the company, it appears that the forecasts are material to place this analysis in
context and should be disclosed. To the extent such projections no longer reflect management&rsquo;s view of future performance,
or are not consistent with actual performance given the passage of time, please explain why the projections are no longer valid
and expand disclosure of related risks, as appropriate. Please also revise the discussion of Vantage Point&rsquo;s opinion, which
similarly appears to rely on management projections and/or forecasts.</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 6.15pt 0pt 41pt; text-align: justify"><B><I>Response</I>:</B> The
Company respectfully submits that the projections are no longer valid because a significant period of time has passed which has
caused the Company&rsquo;s actual results to differ materially from the results forecasted in the financial projections. In response
to the Staff&rsquo;s Comment, the Company has also revised its disclosure of related risks on page 44. The NMM language with respect
to the NMM/Vantage Point forecasts is reflected in the revised disclosure on page 44.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 5pt"><U>Page 44 of S-4/A:</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 3.95pt 0pt 5pt; text-indent: 35.95pt">Actual ApolloMed
results may be significantly different from those contained in the projections prepared in late 2016 by ApolloMed management and
used by BofA Merrill Lynch in its financial analyses.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 8.2pt 0pt 5pt">ApolloMed management prepared certain financial
projections, which were based on management's projection of ApolloMed&rsquo;s future financial performance as of the date provided
in late 2016. These projections were not prepared with a view toward public disclosure or compliance with published guidelines
of the SEC regarding forward-looking information. More importantly, the financial projections were based on a number of assumptions
and predictions that, with the passage of time, have rendered such financial projections no longer valid. Further, the projections
did not take into account any circumstances or events occurring after the date that they were prepared.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 3.95pt 0pt 5pt; text-indent: 35.95pt">Actual NMM results
may be significantly different from those contained in the projections prepared by NMM management and used by Vantage Point in
its financial analyses.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 12pt 0pt 5pt; text-indent: 35.95pt">NMM management prepared certain
financial projections, which were based on management&rsquo;s projection of NMM&rsquo;s future financial performance as of the
date provided. These projections were not prepared with a view toward public disclosure or compliance with published guidelines
of the SEC regarding forward-looking information. More importantly, the financial projections were based on a number of assumptions
and predictions that, with the passage of time, have rendered such financial projections no longer valid. Further, the projections
did not take into account any circumstances or events occurring after the date that they were prepared.</P>



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