Value-based care platform Astrana Health has signed a definitive agreement with Prospect Health to acquire some of its assets for $745 million.
Pending regulatory approvals, Astrana would acquire Prospect Health Plan, Prospect Medical Groups, Prospect Medical Systems, RightRx and Foothill Regional Medical Center in Tustin, California.
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In October, Astrana Health finalized its acquisition of management services organization Collaborative Health System from health insurer Centene for an undisclosed price. The company's latest acquisitions are expected to close in mid-2025, according to a Friday news release from Astrana.
Prospect Health comprises of 3,000 primary care providers and serves an estimated 610,000 members in its insurance business. It expects to report an estimated $1.2 billion in revenue for full-year 2024.
Correction: An earlier version of this story incorrectly said Astrana was acquiring businesses from Prospect Medical Holdings.
