Astrana Health to acquire part of Prospect Health for $745M: 5 things to know

Becker's Healthcare November 8, 2024
Madeline Ashley

Alhambra, Calif.-based Astrana Health has entered into a $745 million definitive agreement to acquire certain assets and businesses from Los Angeles-based Prospect Health System.

Here are five things to know:

1. Astrana will acquire Prospect Health Plan, Prospect Medical Groups, Prospect Medical Systems, RightRx and Tustin, Calif.-based Foothill Regional Medical Center under the agreement, according to a Nov. 8 news release.

2. Astrana, formerly known as Apollo Medical Holdings, will make “significant investments” in Prospect to ensure improved care access and quality. The sale is expected to wrap in the middle of 2025.

3. “We believe the strong cultural alignment, cohesive missions, and clear financial and operational synergies between our companies make Astrana the...

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