Astrana Health

We're proud to partner with SCAN to launch SCAN Allied, a Medicare Advantage Plan designed to serve specifically for Asian older adults. “Astrana Health is thrilled to collaborate with forward-thinking payer partners like SCAN, who are dedicated to addressing the needs of the populations they serve,” said President and CEO of Astrana Health, Brandon K. Sim. “At Astrana, we prioritize understanding local healthcare dynamics and supporting diverse and underserved communities, making this partnership a perfect fit.”

Last week, Astrana Health announced strong third quarter earnings, growing 37% year over year while continuing to deliver high-quality, patient-centered care for over 1.1 million Americans. We are proud to continue expanding our impact rapidly while also continuing our long track record of sustainability, profitability, and stability. We also announced our definitive agreement to acquire Prospect Health, which consists of certain businesses and assets relating to Prospect Health System, including its California-licensed health plan, medical groups in California, Texas, Arizona, and Rhode Island, management services organization (Prospect Medical Systems), pharmacy, primary and multispecialty care group, and a fully accredited acute care hospital in Orange County, CA. Prospect has a network of around 3,000 primary care providers and 10,000 specialists who are delivering payer-agnostic, patient-centered care to approximately 610,000 members.   "The acquisition of Prospect would represent the combination of two organizations with decades-long histories of enabling independent providers and coordinating the delivery of high-quality care for all. We believe that our organizations share a common culture of patient centricity and a shared mission to provide high-quality care tailored to local communities," said Brandon K. Sim, President and CEO of Astrana, "This strategic transaction will significantly expand our provider network and enhance our ability to offer increased access, quality, and value for our members." We are excited to continue expanding our impact in local communities across the country, and we promise we will continue to serve our patients, providers, and payers as we grow. Onwards!

Astrana Health has today 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. "With this acquisition, we believe Astrana will be even better positioned to deliver accessible, high-quality, and high-value care to more patients across the nation," said Brandon K. Sim, President and CEO of Astrana Health. "CHS has built a scaled and impactful value-based care ecosystem in markets spanning the South and East Coast. We believe combining Astrana's robust technology platform and care model with CHS's strong provider base and deep payer partnerships will accelerate our goal of organizing and empowering providers while elevating the healthcare experience for patients throughout the country." The transaction is expected to close by year-end, following customary regulatory approvals.

Astrana Health will be at the America's Physician Groups Annual Spring Conference from May 29th - May 31st. Come visit us at our booth on Thursday to chat about our team’s latest developments or just to simply say hi! 

We are thrilled to share the remarkable progress we have made in the first quarter of 2024 to expand our unique platform and care model, aimed at empowering providers and improving access to high-quality and high-value healthcare for local communities across the country.   This quarter, we have officially reached the 1 million member milestone! In addition, we made strong progress in terms of clinical, operational, and financial outcomes, and made meaningful progress against our strategic roadmap.   We also continue to ensure that our rapid growth remains sustainable so that we can uphold our commitment and mission for years to come. With the current momentum of our business, we're in great position to lead the charge towards a future where all Americans enjoy access to best-in-class healthcare services. We'd like to thank all of our providers, teammates, and partners as we continue building this future together. To the stars!