Astrana Health, Inc.

Astrana Health, Inc. is a physician-centric healthcare management company built around a technology-enabled, risk-bearing model for value-based care. It works through affiliated physician groups, independent risk-bearing organizations, and consolidated subsidiaries to coordinate care for managed patients covered by Medicare, Medicaid, HMOs, employer plans, and other health coverage arrangements. The company’s platform combines population health management, care coordination, medical coding, and risk management tools to help providers deliver lower-cost, higher-quality care. Astrana also operates a California Restricted Knox-Keene-licensed health plan, an MSO, specialty pharmacy, and, after the Prospect acquisition, a fully accredited acute care hospital. Its business is concentrated in California and is designed to capture recurring revenue from capitation, risk pools, management fees, and fee-for-service arrangements.