M&A
confidence high
sentiment positive
materiality 0.85
Astrana Health to acquire hospital, health plan & ACO for $745M; arranges $1.195B financing
Astrana Health, Inc.
- Acquires equity of Prospect Health Plan, Alta Newport Hospital (Foothill Regional), and Prospect ACO Rhode Island for $745M.
- Financing includes $1.095B bridge term loan (364-day) and $100M revolver from Truist and JPMorgan.
- Transaction expected to close mid-2025, subject to regulatory approvals and customary conditions.
- Acquired entities provide managed care, physician networks, and acute hospital services across risk-based models.