secwatch.observer — SEC 8-K summary
======================================

Issuer:     Astrana Health, Inc. (ASTH)
CIK:        0001083446
Form:       8-K
Filed at:   2024-11-08T23:59:59+00:00
Accession:  0001104659-24-115610
Event type: m_and_a
Sentiment:  positive
Materiality: 0.85
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Astrana Health to acquire Prospect Health for $745M; adds ~610k members
-----------------------------------------------------------------------

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1083446/000110465924115610/0001104659-24-115610-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1083446/000110465924115610/tm2427779d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-115610

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer