ALHAMBRA, Calif., Jan. 21,
2025 /PRNewswire/ -- Astrana Health, Inc. ("Astrana,"
and together with its subsidiaries and affiliated entities, the
"Company") (NASDAQ: ASTH), a leading provider-centric,
technology-powered healthcare company enabling providers to deliver
accessible, high-quality, and high-value care to all, today
announced that on January 17, 2025,
the Company repurchased 300,000 shares of the Company's common
stock for the aggregate purchase price of $10.551 million, based on a purchase price per
share of $35.17, which was the
closing price per share on the Nasdaq Stock Market on such
date.
"The share repurchase is a testament to management and the Board
of Directors' confidence in the performance of Astrana Health. We
remain committed to our strategic capital deployment practices and
continue to prioritize long-term growth, including through
opportunistic share repurchases," said Brandon K. Sim, President and CEO of
Astrana.
The shares were purchased from Allied Physicians of California, a Professional Medical Corporation
("APC"), a long-standing stockholder and a consolidated affiliate
of the Company. The Company's Board of Directors and the Audit
Committee of the Board of Directors approved the repurchase.
About Astrana Health, Inc.
Astrana is a leading provider-centric, technology-powered
healthcare company enabling providers to deliver accessible,
high-quality, and high-value care to all. Leveraging its
proprietary end-to-end technology solutions, Astrana operates an
integrated healthcare delivery platform that enables providers to
successfully participate in value-based care arrangements, thus
empowering them to deliver high quality care to patients in a
cost-effective manner.
Headquartered in Alhambra,
California, Astrana serves over 12,000 providers and over
1.1 million Americans in value-based care arrangements. Its
subsidiaries and affiliates include management services
organizations (MSOs), affiliated independent practice associations
(IPAs), accountable care organizations (ACOs), and care delivery
entities across primary, multi-specialty, and ancillary care. For
more information, please visit www.astranahealth.com.
FOR MORE INFORMATION, PLEASE CONTACT:
Investor
Relations
(626) 943-6491
Asher Dewhurst
investors@astranahealth.com
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SOURCE Astrana Health, Inc.