Shares of Astrana Health Inc. (ASTH) plummeted by 5.08% on Thursday, November 8, 2024, following the announcement of a binding agreement to acquire the managed care platform of Prospect Medical Holdings from Medical Properties Trust (MPW) for around $745 million.
The deal, which is subject to regulatory approval and expected to close in mid-2025, will significantly expand Astrana Health's provider network and enhance its ability to offer increased access and quality of care for its members, according to Brandon K. Sim, President and CEO of Astrana.
To fund the acquisition, Astrana plans to use a combination of cash on hand and a $1.09 billion 364-day senior secured bridge commitment provided by Truist Bank and J.P. Morgan. While the acquisition could be beneficial for Astrana Health's long-term growth, the need to raise a substantial amount of debt to finance the deal may have concerned investors in the short term, contributing to the stock's decline.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。