---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-25-065009"
form_type: "8-K"
ticker: "ASTH"
cik: "0001083446"
company_name: "Astrana Health, Inc."
filed_at: "2025-07-02T23:59:59+00:00"
generated_at: "2026-05-18T09:34:30.091151+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Astrana closes Prospect Health acquisition for $708M, updates FY 2025 guidance

## Summary
- Purchase price reduced from $745M to $708M; closed July 1, 2025.
- Expects Prospect to contribute ~$1.2B revenue and $81M adjusted EBITDA annually.
- Updated FY 2025 guidance: revenue $3.1B-$3.3B, adjusted EBITDA $215M-$225M.
- Post-close net debt ~$700M; target net leverage below 2.5x within 12-18 months.
- Reiterates Q2 2025 guidance; expects $12M-$15M synergies over 12-18 months.

## SEC filing metadata
- accession: 0001104659-25-065009
- form_type: 8-K
- ticker: ASTH
- cik: 0001083446
- company_name: Astrana Health, Inc.
- filed_at: 2025-07-02T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 2.01, 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1083446/000110465925065009/0001104659-25-065009-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1083446/000110465925065009/tm2519514d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-065009
- JSON: https://secwatch.observer/filing/0001104659-25-065009.json
- Plain text: https://secwatch.observer/filing/0001104659-25-065009.txt

## Source-grounded claims
- claim_id: eef89f36fd827e4721013a8ee3a6ae6d669c6fe3
  claim: Astrana Health, Inc. completed an acquisition involving PHP Holdings, LLC for $707.9 million in cash and the assumption of certain identified liabilities (closed 2025-07-01).
  evidence_excerpt: intended to address and reconcile post-Closing claims, matters, and obligations between the parties, including a reduction in the aggregate purchase price from $745.0 million to $707.9 million and the removal of certain post-Closing purchase price adjustments and related escrow. The Company and Sellers also entered into certain ancillary agreements, including a
  evidence_url: https://www.sec.gov/Archives/edgar/data/1083446/000110465925065009/0001104659-25-065009-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.