M&A Deal Summary

Astrana Health Acquires Sun Clinical Lab

On June 2, 2021, Astrana Health acquired life science company Sun Clinical Lab for 4M USD

Acquisition Highlights
  • This is Astrana Health’s 1st transaction in the Life Science sector.
  • This is Astrana Health’s largest (disclosed) transaction.
  • This is Astrana Health’s 6th transaction in the United States.
  • This is Astrana Health’s 5th transaction in California.

M&A Deal Summary
Date 2021-06-02
Target Sun Clinical Lab
Sector Life Science
Buyer(s) Astrana Health
Deal Type Add-on Acquisition
Deal Value 4M USD

Target

Sun Clinical Lab

El Monte, California, United States
Sun Clinical Lab is a Federal (Medicare) and State (Medi-Cal) certified full-service lab that has serviced the community for over 30 years. The company offers efficient, accurate, and personalized care to clients and patients. Sun Clinical Lab takes pride in its quality control, automation, customer service personnel, in combination with its convenient operating hours and our comprehensive courier service. It actively participates in various proficiency programs such as the American Association of Bio-Analysis and is compliant with government programs such as Occupational Safety & Health Administration (OSHA) to ensure that its honest and competitive fees are backed by an extensive quality assurance program. Sun Clinical Lab is based in El Monte, California.

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Buyer(S) 1

Buyer

Astrana Health

Alhambra, California, United States
Category Company
Founded 1985
Sector Healthcare Services
Employees1,800
Revenue 1.4B USD (2023)
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 6 of 12
Sector (Life Science) 1 of 1
Type (Add-on Acquisition) 5 of 9
State (California) 5 of 9
Country (United States) 6 of 12
Year (2021) 1 of 4
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-05 Accountable Health Care IPA

Signal Hill, California, United States

Accountable Health Care IPA is an independent practice association serving the local community in the greater Los Angeles County area through a network of physicians and health care providers for more than 20 years. Accountable Health Care's provider network currently includes over 400 primary and 700 specialty care physicians that provide quality health care services to more than 91,000 members of six federally qualified health plans and multiple product lines, including Medi-Cal, Medicare, California Healthy Families, and various commercial plans.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-19 Access Primary Care Medical Group

San Francisco, California, United States

Access Primary Care Medical Group is a primary care physicians' group focused on providing high-quality care to senior patients. Primarily serving patients in the northern California cities of Daly City and San Francisco, APCMG is a risk-bearing organization that has successfully provided professional services to seniors under capitation arrangements with its contracted payer partners since 2016.

Buy -
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