M&A
confidence high
sentiment negative
materiality 0.80
Acquired PHP Holdings reports FY2024 net loss of $78.7M on $1.19B revenue; high leverage
Astrana Health, Inc.
- PHP Holdings net loss $78.7M in FY2024 vs net income $30.5M in FY2023, driven by $138.3M interest expense.
- Total revenue $1.19B in FY2024, up 14.5% from $1.04B in FY2023; gross margin $324.6M.
- Total assets $296.6M, total liabilities $1.49B, members' deficit $1.27B as of Sep 30, 2024.
- Long-term debt $1.13B, including PIK interest; operating income only $103.8M.
- Astrana Health (ASTH) closed acquisition Jul 2, 2025; pro forma financials filed as Exhibit 99.3.