Acquisition History / Astrana Health, Inc. / Prospect Health (PHP Holdings, LLC)
Astrana Health, Inc. Acquires Prospect Health (PHP Holdings, LLC)
Announced July 2025 — $708M
What happened
Prospect Health comprises a California-licensed health plan, medical groups in multiple states, Foothill Regional Medical Center and related businesses. Astrana Health completed the acquisition July 1, 2025 for a total purchase price of $708M, reduced from the originally announced $745M under a side letter.
- Acquirer
- Astrana Health, Inc.
- Target
- Prospect Health (PHP Holdings, LLC)
- Announced
- July 2025
- Price
- $708M
- Industry
- Managed healthcare and medical groups
- Buyer type
- Strategic acquirer
- Status
- Closed
By the numbers
Frequently Asked Questions About This Acquisition
When did Astrana Health, Inc. acquire Prospect Health (PHP Holdings, LLC)?
Astrana Health, Inc. acquired Prospect Health (PHP Holdings, LLC) on July 2025. This was Astrana Health, Inc.'s 1st publicly tracked acquisition out of 1 we have on record.
How much did Astrana Health, Inc. pay for Prospect Health (PHP Holdings, LLC)?
Astrana Health, Inc. paid $708M for Prospect Health (PHP Holdings, LLC).
What does Prospect Health (PHP Holdings, LLC) do?
Prospect Health comprises a California-licensed health plan, medical groups in multiple states, Foothill Regional Medical Center and related businesses. Astrana Health completed the acquisition July 1, 2025 for a total purchase price of $708M, reduced from the originally announced $745M under a side letter.
What other Managed healthcare and medical groups companies has Astrana Health, Inc. acquired?
Prospect Health (PHP Holdings, LLC) is Astrana Health, Inc.'s only publicly tracked acquisition in Managed healthcare and medical groups so far.