M&A Deal Summary

Astrana Health Acquires Collaborative Health Systems

On July 25, 2024, Astrana Health acquired healthcare services company Collaborative Health Systems from Centene

Acquisition Highlights
  • This is Astrana Health’s 9th transaction in the Healthcare Services sector.
  • This is Astrana Health’s 12th transaction in the United States.
  • This is Astrana Health’s 2nd transaction in Florida.

M&A Deal Summary

Date 2024-07-25
Target Collaborative Health Systems
Sector Healthcare Services
Buyer(s) Astrana Health
Sellers(s) Centene
Deal Type Divestiture

Target

Collaborative Health Systems

Lake Mary, Florida, United States
Collaborative Health Systems is a management services organization that partners with independent primary care physicians as they move to value-based models. Collaborative Health Systems is based in Lake Mary, Florida.

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Buyer(S) 1

Buyer

Astrana Health

Alhambra, California, United States

Category Company
Founded 1994
Sector Healthcare Services
Employees1,900
Revenue 2.0B USD (2024)
DESCRIPTION

Astrana Health is an integrated healthcare company providing solutions to hospitals, health plans, physicians, and other health providers to provide cost-effective, quality healthcare. Astrana Health was founded in 1985 and is based in Alhambra, California.


DEAL STATS #
Overall 12 of 13
Sector: Healthcare Services M&A 9 of 10
Type: Divestiture M&A Deals 2 of 2
State: Florida M&A 2 of 2
Country: United States M&A 12 of 13
Year: 2024 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-26 AAMG

San Francisco, California, United States

AAMG is a primary and specialty care physicians' group focused on providing high-quality, culturally competent care to local communities. AAMG is based in San Francisco, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-11-08 Prospect Health

Orange, California, United States

Prospect Health is a value-based, integrated care delivery network which coordinates the delivery of high-quality care for all. With a network of over 11,000 providers, Prospect enables providers to deliver payer-agnostic, patient-centered care to approximately 600,000 members across medicare advantage, medicaid, and commercial lines of business. Prospect Health also operates a California Restricted Knox-Keene-licensed health plan, a management services organization, a specialty pharmacy, and a fully-accredited acute care hospital. Prospect Health is based in Orange, California.

Buy $708M

Seller(S) 1

SELLER

Centene

St. Louis, Missouri, United States

Category Company
Founded 1984
Sector Insurance
Employees60,400
Revenue 163.1B USD (2024)
DESCRIPTION
Centene's corporate headquarters in St. Louis, Missouri.
Centene's corporate headquarters in St. Louis, Missouri.

Centene is a diversified, multi-national healthcare enterprise that provides programs and services to government sponsored healthcare programs, focusing on under-insured and uninsured individuals. Centene was incorporated in 1984 and is based in St. Louis, Missouri.


DEAL STATS #
Overall 7 of 7
Sector: Healthcare Services M&A 4 of 4
Type: Divestiture M&A Deals 7 of 7
State: Florida M&A 1 of 1
Country: United States M&A 5 of 5
Year: 2024 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-08-28 Circle Health Group

London, United Kingdom

Circle Health Grou is a healthcare company, that offer a range of specialities, including orthopaedic, ENT, general surgery, gynaecological, gastrointestinal, neuro spinal surgery and more, supported by diagnostic services. Circle Health was founded in 2004 and is based in London, United Kingdom.

Sell $1.2B