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Related Party Transactions | 9 Months Ended
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Sep. 30, 2018
Related Party Transactions [Abstract] |
Related Party Transactions |
| 12. | Related Party Transactions
On November 16, 2015, UCAP entered into a subordinated note receivable agreement with UCI, a 48.9% owned equity method investee (see Note 5), in the amount of $5,000,000. On June 28, 2018, UCAP entered into a new subordinated note receivable agreement with UCI in the amount of $2,500,000. During the three and nine months ended September 30, 2018 and 2017, APC paid approximately $76,000 and $77,000, respectively, and $244,000 and $174,000, respectively, to Advanced Diagnostic Surgery Center for services as a provider. Advanced Diagnostic Surgery Center shares common ownership with certain board members of APC. During the three and nine months ended September 30, 2018 and 2017, NMM received approximately $6.1 million and $4.5 million, respectively, and $16.0 million and $13.4 million, respectively, in management fees from LMA, which is accounted for under the equity method based on 25% equity ownership interest held by APC in LMA’s IPA line of business (see Note 5). During the three and nine months ended September 30, 2018 and 2017, APC paid approximately $0.7 million and $0.6 million, respectively, and $1.9 million and $1.7 million, respectively, to PMIOC for provider services, which is accounted for under the equity method based on 40% equity ownership interest held by APC (see Note 5). During the three and nine months ended September 30, 2018 and 2017, APC paid approximately $0.8 million and $0.6 million, respectively, and $2.6 million and $1.9 million, respectively, to AMG, Inc. for services as a provider. AMG, Inc. shares common ownership with certain board members of APC. In September 2015, ApolloMed entered into a note receivable with Rob Mikitarian, a former minority owner in APS, in the amount of approximately $150,000. The note accrued interest at 3% per annum and currently due on demand. As of September 30, 2018, and December 31, 2017, the balance of the note was approximately $150,000 and is included in other receivables in the accompanying consolidated balance sheets. As of September 30, 2018 and December 31, 2017 the Company also has approximately $145,000 in contingent compensation that is payable to Rob Mikitarian. In addition, affiliates wholly-owned by the Company’s officers, including Dr. Lam and Dr. Hosseinion, are reported in the accompanying consolidated statement of income on a consolidated basis, together with the Company’s subsidiaries, and therefore, the Company does not separately disclose transactions between such affiliates and the Company’s subsidiaries as related party transactions. During the three and nine months ended September 30, 2018 and 2017, APC paid approximately $1.7 million and $1.7 million, respectively, and $5.5 million and $4.7 million, respectively, to DMG for provider services, which is accounted for under the equity method based on 40% equity ownership interest held by APC (see Note 5). During the three and nine months ended September 30, 2018 and 2017, NMM paid approximately $0.3 million and $0.3 million, respectively, and $0.8 million and $0.8 million, respectively, to Medical Property Partners (“MPP”) for an office lease. MPP shares common ownership with certain board members of NMM. During the three and nine months ended September 30, 2018 and 2017, APC paid $60,000 and $90,000, respectively, and $240,000 and $270,000, respectively, to Tag-2 Medical Investment Group, LLC (“Tag-2”) for an office lease. Tag-2 shares common ownership with certain board members of APC. During the three and nine months ended September 30, 2018 and 2017, APC paid an aggregate of approximately $7.3 million and $9.2 million, respectively, and $29.2 million and $32.2 million, respectively, to shareholders of APC for provider services, which include approximately $2.4 million and $2.8 million, respectively, and $9.8 million and $12.2 million, respectively, to shareholders who are also officers of APC. For loans receivable from related parties, see Note 5.

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- Definition The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -URI http://asc.fasb.org/topic&trid=2122745 + Details
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