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  6. Astrana Health Acquires Prospect Health

M&A Deal Summary

Astrana Health Acquires Prospect Health

On November 8, 2024, Astrana Health acquired healthcare services company Prospect Health for 708M USD

Acquisition Highlights
  • This is Astrana Health’s 10th transaction in the Healthcare Services sector.
  • This is Astrana Health’s largest (disclosed) transaction.
  • This is Astrana Health’s 13th transaction in the United States.
  • This is Astrana Health’s 10th transaction in California.

M&A Deal Summary
Date 2024-11-08
Target Prospect Health
Sector Healthcare Services
Buyer(s) Astrana Health
Deal Type Add-on Acquisition
Deal Value 708M USD
Advisor(s) Truist Securities (Financial)

Target

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.

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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 13 of 13
Sector: Healthcare Services M&A 10 of 10
Type: Add-on Acquisition M&A Deals 10 of 10
State: California M&A 10 of 10
Country: United States M&A 13 of 13
Year: 2024 M&A 2 of 2
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-25 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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