Astrana Health Acquires Prospect Health for $745 Million

Astrana Health ( (ASTH) ) has issued an announcement.

Astrana Health, Inc. announced a significant acquisition of Prospect Health System’s businesses and assets for $745 million, aiming to enhance its healthcare delivery network across California, Texas, Arizona, and Rhode Island. The deal, expected to close in 2025, will expand Astrana’s provider network and improve access, quality, and value for its members. The acquisition is backed by a $1,095 million bridge loan commitment from Truist Bank and J.P. Morgan, underscoring Astrana’s strategic growth in the healthcare market.

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