secwatch.observer — SEC 8-K summary
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Issuer:     Astrana Health, Inc. (ASTH)
CIK:        0001083446
Form:       8-K/A
Filed at:   2025-09-11T23:59:59+00:00
Accession:  0001104659-25-089230
Event type: m_and_a
Sentiment:  negative
Materiality: 0.80
Item codes: 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Acquired PHP Holdings reports FY2024 net loss of $78.7M on $1.19B revenue; high leverage
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1083446/000110465925089230/0001104659-25-089230-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1083446/000110465925089230/tm2525148d1_8ka.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-089230

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