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.
Alhambra, Calif.-based Astrana Health has signed a $745 million definitive agreement to acquire certain assets and operations from Los Angeles-based Prospect Health System. Here are five things to know: 1. According to reports on November 1, Astrana will acquire Prospect Health Plan, Prospect Medical Group, Prospect Medical Systems, RightRx and Foothill Regional Medical Center in Tostin, California, under the agreement.
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 ideal partner for us,’ Jim Brown, CEO of Prospect, said in the release.
8 press releases. Astrana, formerly known as Apollo Medical Holdings, will make a “significant investment” in Prospect to ensure improved access and quality of care. The sale is expected to close in mid-2025, Prospect CEO Jim Brown said in a press release, “We believe the strong cultural alignment, cohesion and clear financial and operational synergies between our companies make Prospect Strana became the ideal partner for us.
‘We look forward to working together to further our joint mission of delivering high-quality, affordable, and accessible care for all.’4. Birmingham, Ala.-based Medical Properties Trust, one of the world’s largest real estate owners, expects around $200 million in total proceeds from the sale, according to a Nov.
“We look forward to working together to further our shared mission of providing high-quality, affordable and accessible care to all.” Headquartered in Birmingham, Alabama, Medical Properties Trust is a world-wide The fund, one of the largest real estate owners in the world, expects total proceeds from the sale to be about $200 million, according to a Nov. 1 report.
8 news release. Most of the cash is expected in the first half of 2025, with $50 million expected by 2027. MPT leases multiple properties to Prospect, according to MPT’s third quarter financial report.5. Prospect comprises around 3,000 primary care providers and 10,000 specialists across Arizona, Southern California, Texas and Rhode Island. .
8 press releases. The majority of the cash is expected to be available in the first half of 2025, with the amount expected to reach $50 million by 2027. MPT leases multiple properties to Prospect, according to MPT’s third-quarter financial report. Prospect has approximately 3,000 primary care providers and 10,000 specialists in Arizona, Southern California, Texas and Rhode Island. .
