Astrana Health to Acquire Prospect’s Majority Managed Care Platform from Medical Properties Trust
November 8, 2024
Astrana Health entered into a binding agreement on November 8 to purchase the majority of Prospect’s managed care platform for approximately $745 million and the assumption of certain liabilities. Medical Properties Trust (MPT) expects to receive about $200 million in total cash proceeds after certain creditor and liability obligations are satisfied; the transaction remains subject to regulatory approval and other closing conditions.
- Buyers
- Astrana Health
- Targets
- Prospect managed care platform (majority of Prospect’s managed care platform)
- Sellers
- Medical Properties Trust (MPT)
- Industry
- Healthcare Services
- Location
- United States
- Transaction Type
- Divestiture
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