Astrana Health to acquire Collaborative Health Systems, no terms disclosed

Astrana Health (ASTH) announced it has entered into a definitive agreement to acquire Collaborative Health Systems, a management services organization serving more than 129,000 beneficiaries across 17 states and a company of Centene (CNC). The acquisition facilitates the expansion of both Astrana’s and CHS’ payer-agnostic care delivery capabilities, which serve members across all lines of business, and further empower CHS’ providers in the delivery of care to the communities it serves. Astrana and Centene also share a mutual commitment to providing high-quality and coordinated care to members and will continue to work together to expand the scope of their existing value-based partnerships in order to advance that joint mission. The transaction is expected to close by year-end, following customary regulatory approvals. The company will provide an update to the combined entity’s financial outlook once the transaction closes.