M&A
confidence high
sentiment neutral
materiality 0.70
Apollo Medical Holdings completes first closing of CFC asset acquisition; amends purchase agreement
Astrana Health, Inc.
- First closing for CFC assets completed Jan 31, 2024; second closing for AHMS expected Q1 2024.
- Purchase price ~$202M: $152M cash, $20M equity (631,712 shares), up to $30M milestone payments.
- Amendment No. 1 modified definitions, covenants, and closing mechanics; adds Allied provisions.
- I Health 25% stock purchase expected to close in Q1 2024, subject to regulatory approvals.