Apollo Global Mgmt Inc Stock Price, News & Analysis

Intrado Corporation has enhanced its HouseCalls Pro digital patient engagement platform with new automated referral management capabilities and integration with Cerner and Meditech EHR systems. The SMS-based feature improves referral closure rates by allowing patients to self-schedule appointments, significantly reducing no-show rates to 1%. This upgrade also extends patient engagement opportunities including appointment reminders, health education, and automated recalls. Notably, 100% of users surveyed by KLAS would choose HouseCalls Pro again, underscoring its effectiveness in enhancing patient communication and care coordination.

Apollo Global Management (NYSE: APO) will host an Investor Day on October 19, 2021, providing insights into its long-term growth strategy. The invite-only event has limited attendance due to COVID restrictions and will feature presentations from senior management starting at 8:30 a.m. ET, followed by a Q&A session. A live webcast will be available for the public on Apollo’s website, with a replay accessible after the event. As of June 30, 2021, Apollo managed approximately $472 billion in assets.

Alain de Krassny, President of Kem One Group, has initiated the sale of the company to funds managed by Apollo Global Management (NYSE: APO), entering exclusive negotiations. The planned sale, supported by a €500 million investment program, aims to further grow Kem One, a leading European producer of PVC and caustic soda, with 1,400 employees across France and Spain. The transaction, which includes a put option agreement, is expected to conclude by year-end and is subject to regulatory approvals.

ALT Finance Corporation has appointed Marcus Shaw as its new CEO, effective Sept. 13, 2021. Shaw, with over 20 years of experience in finance and non-profit sectors, will lead initiatives to enhance diversity in alternative investment. He will launch the AltFinance Fellowship program at four HBCUs to provide students with mentoring, scholarships, and career pathways in the investment field. Additionally, a virtual institute in collaboration with The Wharton School is set to launch in 2022, aiming to empower Black students in the finance industry.

The New Home Company (NYSE: NWHM) has completed a cash tender offer, resulting in its acquisition by Newport Merger Sub, Inc., a purchaser controlled by Apollo Global Management (NYSE: APO). As of the offer's expiration on September 8, 2021, approximately 89.95% of outstanding NWHM shares were tendered. Following this, the merger occurred, leading to NWHM becoming a privately-held subsidiary of the Apollo Funds, with shares converted to $9.00 each. This acquisition signifies a strategic move by Apollo, enhancing its portfolio in the homebuilding sector.

Apollo Global Management has announced a definitive agreement to acquire up to a 50% equity stake in MaxCap Group, a top commercial real estate financier in Australasia. This strategic investment is aimed at expanding Apollo's reach in the Australian and New Zealand markets, leveraging MaxCap's strong performance and pipeline exceeding A$6 billion. MaxCap’s co-founders will retain leadership roles, ensuring continuity. This partnership seeks to enhance lending solutions and create significant investment opportunities.

Newbond Holdings has announced the acquisition of the Westin Tampa Waterside hotel in partnership with Apollo Funds, managed by Apollo Global Management (NYSE: APO). This acquisition involves a 309-key hotel asset in Downtown Tampa, following a $17 million renovation. Newbond aims to capitalize on Tampa's growing hospitality market and enhance the asset's potential, benefiting from its prime waterfront location. The deal aligns with Apollo's strategy to acquire quality real estate below replacement costs, amidst a significant $3 billion redevelopment nearby.

Apollo Global Management (NYSE: APO) has successfully acquired Yahoo, previously known as Verizon Media, marking a significant transition as Yahoo becomes a standalone entity under Apollo's management. Verizon retains a 10% ownership stake in Yahoo. Apollo aims to enhance Yahoo's offerings and user experience, tapping into its extensive user base of nearly 900 million monthly active users. Both Reed Rayman from Apollo and Yahoo's CEO Guru Gowrappan expressed optimism for future growth and innovation, signaling a new era for the iconic brand.