Healthcare company Astrana Health has completed the Acquisition of Prospect Health, an integrated care network, completed $ 708 million, lower than the originally announced price of $ 745 million when the company First unveiled its acquisition plans in 2024.
In a statement, Astrana said that Prospect Heath will contribute to almost $ 1.2 billion to the total turnover and $ 81 million in adapted Income before interest, taxes, depreciation and amortization on an annual basis.
In addition, Astrana expects to reach $ 12 million to $ 15 million in synergies for the next 12 to 18 months.
Astrana Health has more than 20,000 providers and more than 1.6 million patients through his affiliated supplier networks, management services and integrated clinics for care delivery, including primary, specialty, supplementary and 24/7 virtual care.
The Network of Prospect Health comprises 11,000 providers in South California, Texas, Arizona and Rhode Island. It has 600,000 members in Medicare Advantage, Medicaid and Commercial Operations.
The company operates a California limited Knox-Keene-figured health plan, an organization for management services, a specialist pharmacy and an acute care hospital.
According to the California Department of Managed Health Care (DMHC)A Knox-Keene-Lekenserd Health Plan is based on the Knox-Keene Health Care Service Plan Act of 1975, a series of laws or statutes adopted by the California State legislative power that offers the DMHC the authority to regulate the plans for health care.
The larger trend
In 2017, Apollomed and Network Medical Management Apollo Medical Holdings merged.
Last year the company renamed Astrana Health and taken over Collaborative Health Systems (CHS), a management service organization with more than 129,000 beneficiaries in 17 states. The Pentene Corporation was previously CHS.
In the same year, Astrana Health worked with Elation Health, which means that the two organizations can scales risky entities, including responsible care organizations and clinically integrated networks, supported by existing and future partner providers.
Also in 2024 Astrana Health collaborated with the California -based Anthem Blue Cross and Allied Pacific IPA, part of Astrana Health.
Astrana Health and Anthem Blue Cross worked together to expand access to high -quality patient care in previously disadvantaged membership communities.
Astrana Health opened and managed clinics that only provide care for Anthem Blue Cross and Allied Pacific IPA members.
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