M&A
confidence high
sentiment positive
materiality 0.85
Astrana Health to acquire Prospect Health for $745M; adds ~610k members
Astrana Health, Inc.
- Purchase price of $745 million plus assumption of certain liabilities; expected close mid-2025 subject to regulatory approval.
- Prospect generates ~$1.2B revenue and ~$81M adjusted EBITDA for trailing twelve months ending Dec 2024.
- Astrana secured $1,095M bridge loan commitment from Truist and JPMorgan, plus $100M revolver, to fund the deal.
- Acquisition adds 3,000 primary care and 10,000 specialist providers across CA, TX, AZ, and RI.
- Combined entity expected to serve ~1.7 million members across Medicare, Medicaid, and Commercial lines.