Astrana Health, Inc. Reports Fourth Quarter and Year-End 2024 Results

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Astrana Health's Q4 and FY 2024 results reveal a company prioritizing aggressive expansion while managing the short-term financial impacts of integration. Total revenue surged 47% to $2.03 billion for the full year, with Q4 showing an even more dramatic 88% year-over-year increase to $665.2 million. However, this top-line growth came with profitability trade-offs as net income declined to $43.1 million from $60.7 million in the prior year.

The company's strategic pivot toward value-based care is evident with 73% of capitated revenue now coming from full-risk arrangements. This represents a significant bet on Astrana's ability to manage population health effectively while controlling costs – a model that typically requires upfront investment before delivering margin improvements.

Astrana's newly expanded credit facilities are particularly noteworthy, with the company securing $1.295 billion in total financing capacity through Truist Bank. The $745 million delayed draw term loan specifically earmarked for the Prospect Medical Holdings acquisition signals a transformative transaction that could significantly expand Astrana's scale and geographic footprint.

The company's geographic expansion continues with the new Provider HealthLink partnership in Georgia, adding approximately 10,000 Medicare Advantage members to their care enablement platform. This expansion, combined with the eight affiliates achieving Elite five-star status in the APG Standards of Excellence survey, validates their care delivery model's quality even amid rapid growth.

Astrana's 2025 guidance explicitly accounts for $15 million in strategic investments in automation and AI, suggesting management is focused on building technology infrastructure to drive future operational efficiencies while acknowledging near-term margin pressure from integration costs. The $10.6 million stock repurchase from APC, while relatively small, demonstrates management's confidence in the company's intrinsic value despite temporary earnings pressure.

02/27/2025 - 04:27 PM

Company to Host Conference Call on Thursday, February 27, 2025, at 2:30 p.m. PT/5:30 p.m. ET

ALHAMBRA, Calif., Feb. 27, 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 its consolidated financial results for the fourth quarter and year ended December 31, 2024.

"Astrana Health's strong performance in 2024 highlights the strength of our patient-centered, payer-agnostic platform and our unwavering commitment to delivering high-quality, accessible care. Our significant growth and geographic expansion, alongside robust financial performance, are a direct result of our disciplined execution across the four pillars of the Astrana playbook, " said President and CEO of Astrana, Brandon K. Sim.

"Looking ahead, we remain focused on growing membership sustainably, further improving quality of care for our membership while responsibly managing costs, growing the 73% of our capitated revenue that now comes from full-risk arrangements, and driving operating leverage and integration of recently acquired assets. We are confident that our platform, combined with our proven ability to navigate industry headwinds and a favorable outlook on future reimbursement rates, will continue delivering sustainable, long-term value for all our stakeholders - patients, physicians, providers, payers, and shareholders."

Financial Highlights for Year Ended December 31, 2024:

All comparisons are to the year ended December 31, 2023 unless otherwise stated.

Total revenue of $2,034.5 million, up 47% from $1,386.7 million
Care Partners revenue of $1,949.0 million, up 52% from $1,284.1 million
Net income attributable to Astrana of $43.1 million, compared to $60.7 million
Earnings per share - diluted ("EPS - diluted") of $0.90, compared to $1.29 per share
Adjusted EBITDA⁽¹⁾ of $170.4 million, up 16% from $146.6 million

⁽¹⁾ See "Reconciliation of Net Income to EBITDA, Adjusted EBITDA and Adjusted EBITDA Margin" and "Use of Non-GAAP Financial Measures" below for additional information.

Financial Highlights for the Fourth Quarter 2024:

All comparisons are to the quarter ended December 31, 2023 unless otherwise stated.

Total revenue of $665.2 million, up 88% from $353.0 million
Care Partners revenue of $647.7 million, up 98% from $326.8 million
Net loss attributable to Astrana of $7.0 million, compared to income of $12.4 million
(Loss) earnings per share - basic and diluted ("EPS - basic and diluted") of $(0.15), compared to $0.26 per share
Adjusted EBITDA⁽¹⁾ of $35.0 million, up 21% from $29.0 million

⁽¹⁾ See "Reconciliation of Net Income to EBITDA, Adjusted EBITDA and Adjusted EBITDA Margin" and "Use of Non-GAAP Financial Measures" below for additional information.

Recent Operating Highlights

In late 2024, Astrana began a Care Enablement partnership with Provider HealthLink, or PHL, a provider network in Georgia. Astrana plans to support PHL in serving approximately 10,000 Medicare Advantage members, and the group is expected to be onboarded onto Astrana's Care Enablement platform in the first half of 2025.
On February 26, 2025, the Company amended its credit agreement with Truist Bank, in its capacities as administrative agent for the lenders (the "Second Amended and Restated Credit Agreement"). The Second Amended and Restated Credit Agreement provides for (a) a five-year revolving credit facility to the Company of $300.0 million which includes a letter of credit sub-facility of up to $100.0 million and a swingline loan sub-facility of $25.0 million, (b) a five-year term loan A credit facility to the Company of $250.0 million and (c) a five-year delayed draw term loan credit facility to the Company of $745.0 million. The term loan A and revolving credit facilities will be used to, among other things, refinance certain existing indebtedness of the Company and certain subsidiaries, pay transactions costs and expenses arising in connection with the Second Amended and Restated Credit Agreement, and provide for working capital needs and other general corporate purposes, and, in addition to the foregoing, the revolving credit facility will also be used to finance certain future permitted acquisitions and permitted investments and capital expenditures. The delayed draw term loan facility will be used to finance the acquisition of certain assets contemplated by that certain asset and equity purchase agreement, dated November 8, 2024, by and among the Company, Prospect Medical Holdings, Inc., in its capacity as the seller representative, and certain other parties party thereto, and to pay any fees and expenses associated therewith.
Eight of Astrana's affiliates have been recognized as Elite status recipients in the 2024 Standards of Excellence ("SOE") survey by America's Physician Groups ("APG"), attaining the highest Elite five-star status in all categories. This annual comprehensive survey is administered by APG to evaluate which physician groups are best positioned to provide coordinated, patient-centered, and cost-effective care.
On January 17, 2025, the Company repurchased 300,000 shares of the Company's common stock from Allied Physicians of California ("APC"), pursuant to a stock repurchase agreement, for an aggregate purchase price of approximately $10.6 million, based on a purchase price per share of $35.17, which was the closing price of the Company's common stock on Nasdaq on the date the agreement was executed. APC is a consolidated affiliate of the Company.

Segment Results for the Year Ended December 31, 2024:

All comparisons are to the year ended December 31, 2023 unless otherwise stated.

	Year Ended December 31, 2024
*(in thousands)*	Care Partners			Care Delivery			Care Enablement			Other		Intersegment Elimination			Corporate Costs		Consolidated Total
Total revenues	$	1,949,033		$	136,668		$	155,448		$	—	$	(206,609)		$	—	$	2,034,540
% change vs. prior year		52	%		16	%		14	%

Cost of services		1,633,021			109,672			83,720			—		(63,261)			—		1,763,152
General and administrative⁽¹⁾		174,774			26,893			53,461			—		(143,433)			70,343		182,038
Total expenses		1,807,795			136,565			137,181			—		(206,694)			70,343		1,945,190

Income (loss) from operations	$	141,238		$	103		$	18,267		$	—	$	85	⁽²⁾	$	(70,343)	$	89,350
% change vs. prior year		54	%		(98)	%		(4)	%


⁽¹⁾	Balance includes general and administrative expenses and depreciation and amortization.

⁽²⁾	Income from operations for the intersegment elimination represents rental income from segments renting from other segments. Rental income is presented within other income which is not presented in the table.

2025 Guidance:

Astrana is providing the following guidance for total revenue and Adjusted EBITDA, based on the Company's existing business, current view of existing market conditions and assumptions for the year ending December 31, 2025. The following guidance includes approximately $15 million in expected costs associated with continued strategic investments in automation and AI, as well as ongoing and expected integration costs associated with planned acquisitions, but does not include contributions from any acquisitions which have not yet closed.

	2025 Guidance Range
*($ in millions)*	Low		High
Total revenue	$	2,500	$	2,700
Adjusted EBITDA	$	170	$	190

See "Guidance Reconciliation of Net Income to EBITDA and Adjusted EBITDA" and "Use of Non-GAAP Financial Measures" below for additional information. There can be no assurance that actual amounts will not be materially higher or lower than these expectations. See "Forward-Looking Statements" below for additional information.

Conference Call and Webcast Information:

Astrana will host a conference call at 2:30 p.m. PT/5:30 p.m. ET today (February 27, 2025), during which management will discuss the results of the fourth quarter and year ended December 31, 2024. To participate in the conference call, please use the following dial-in numbers about 5 minutes prior to the scheduled conference call time:

U.S. & Canada (Toll-Free):			+1 (877) 858-9810
International (Toll):			+1 (201) 689-8517

The conference call can also be accessed via webcast at:
https://event.choruscall.com/mediaframe/webcast.html?webcastid=VvYSvHe6

An accompanying slide presentation will be available in PDF format on the "IR Calendar" page of the Company's website (https://ir.astranahealth.com/news-events/ir-calendar) after issuance of the earnings release and will be furnished as an exhibit to Astrana's current report on Form 8-K to be filed with the SEC, accessible at www.sec.gov.

Those who are unable to attend the live conference call may access the recording at the above webcast link, which will be made available shortly after the conclusion of the call.

Note About Consolidated Entities

The Company consolidates entities in which it has a controlling financial interest. The Company consolidates subsidiaries in which it holds, directly or indirectly, more than 50% of the voting rights, and variable interest entities ("VIEs") in which the Company is the primary beneficiary. Noncontrolling interests represent third party equity ownership interests in the Company's consolidated entities (including certain VIEs). The amount of net income attributable to noncontrolling interests is disclosed in the Company's consolidated statements of income.

Note About Stockholders' Equity, Certain Treasury Stock and Earnings Per Share

As of the date of this press release, 41,048 holdback shares have not been issued to certain former shareholders of the Company's subsidiary, Astrana Health Management, Inc. ("AHM"), formerly known as Network Medical Management, Inc., who were AHM shareholders at the time of closing of the merger, as they have yet to submit properly completed letters of transmittal to Astrana in order to receive their pro rata portion of Astrana's common stock and warrants as contemplated under that certain Agreement and Plan of Merger, dated December 21, 2016, among Astrana, AHM, Apollo Acquisition Corp. ("Merger Subsidiary") and Kenneth Sim, M.D., as amended, pursuant to which Merger Subsidiary merged with and into AHM, with AHM as the surviving corporation. Pending such receipt, such former AHM shareholders have the right to receive, without interest, their pro rata share of dividends or distributions with a record date after the effectiveness of the merger. The Company's consolidated financial statements have treated such shares of common stock as outstanding, given the receipt of the letter of transmittal is considered perfunctory and Astrana is legally obligated to issue these shares in connection with the merger.

Shares of Astrana's common stock owned by Allied Physicians of California, a Professional Medical Corporation ("APC"), a VIE of the Company, are legally issued and outstanding but excluded from shares of common stock outstanding in the Company's consolidated financial statements, as such shares are treated as treasury shares for accounting purposes. Such shares, therefore, are not included in the number of shares of common stock outstanding used to calculate the Company's earnings per share.

About Astrana Health, Inc.

Astrana Health, Inc. ("Astrana") is a leading physician-centric, technology-powered, risk-bearing healthcare management company. Leveraging its proprietary population health management and healthcare delivery platform, Astrana operates an integrated, value-based healthcare model, which aims to empower the providers in its network to deliver the highest quality of care to its patients in a cost-effective manner. Together with our affiliated physician groups and consolidated entities, we provide coordinated outcomes-based medical care in a cost-effective manner.

Headquartered in Alhambra, California, Astrana serves over 10,000 providers and approximately 1.1 million patients in value-based care arrangements. Its subsidiaries and affiliates include management services organizations (MSOs), a network of risk-bearing organizations ("RBOs") that encompasses independent practice associations ("IPAs"), accountable care organizations ("ACOs"), and state-specific entities such as Restricted Knox-Keene licensed health plans in California, and care delivery entities across primary, multi-specialty, and ancillary care. For more information, please visit www.astranahealth.com.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, such as statements about the Company's guidance for the year ending December 31, 2025, ability to meet operational goals, ability to meet expectations in deployment of care coordination and management capabilities, ability to decrease cost of care while improving quality and outcomes, ability to deliver sustainable revenue and EBITDA growth as well as long-term value, ability to respond to the changing environment, and successful implementation of strategic growth plans, acquisition strategy, and merger integration efforts. Forward-looking statements reflect current views with respect to future events and financial performance and therefore cannot be guaranteed. Such statements are based on the current expectations and certain assumptions of the Company's management, and some or all of such expectations and assumptions may not materialize or may vary significantly from actual results. Actual results may also vary materially from forward-looking statements due to risks, uncertainties and other factors, known and unknown, including the risk factors described from time to time in the Company's reports to the SEC, including, without limitation the risk factors discussed in the Company's last Annual Report on Form 10-K and any subsequent quarterly reports on Form 10-Q filed with the SEC. Any forward-looking statement made by the Company in this release speaks only as of the date on which it is made. The Company undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by any applicable securities laws.

FOR MORE INFORMATION, PLEASE CONTACT:

Investor Relations

(626) 943-6491
Asher Dewhurst, ICR Westwicke
investors@astranahealth.com

ASTRANA HEALTH, INC.
CONDENSED CONSOLIDATED BALANCE SHEETS
(IN THOUSANDS, EXCEPT SHARE AND PER SHARE DATA)

	December 31, 2024		December 31, 2023
	(Unaudited)
Assets

Current assets
Cash and cash equivalents	$	288,455	$	293,807
Investment in marketable securities		2,378		2,498
Receivables, net		226,739		76,780
Receivables, net – related parties		50,257		58,980
Income taxes receivable		19,316		10,657
Other receivables		3,656		1,335
Prepaid expenses and other current assets		22,861		17,450

Total current assets		613,662		461,507

Non-current assets
Property and equipment, net		14,274		7,171
Intangible assets, net		126,179		71,648
Goodwill		437,651		278,831
Income taxes receivable		15,943		15,943
Loans receivable, non-current		51,266		26,473
Investments in other entities – equity method		39,319		25,774
Investments in privately held entities		8,896		6,396
Restricted cash		646		345
Operating lease right-of-use assets		32,601		37,396
Other assets		16,021		1,877

Total non-current assets		742,796		471,854

Total assets⁽¹⁾	$	1,356,458	$	933,361

Liabilities, Mezzanine Deficit, and Stockholders' Equity

Current liabilities
Accounts payable and accrued expenses	$	114,650	$	59,949
Fiduciary accounts payable		8,223		7,737
Medical liabilities		209,039		106,657
Dividend payable		638		638
Finance lease liabilities		554		646
Operating lease liabilities		5,350		4,607
Current portion of long-term debt		9,375		19,500
Other liabilities		19,343		18,940

Total current liabilities		367,172		218,674

Non-current liabilities
Deferred tax liability		4,555		4,072
Finance lease liabilities, net of current portion		607		1,033
Operating lease liabilities, net of current portion		30,654		36,289
Long-term debt, net of current portion and deferred financing costs		425,299		258,939
Other long-term liabilities		14,003		3,586

Total non-current liabilities		475,118		303,919

Total liabilities⁽¹⁾		842,290		522,593

Commitments and contingencies

Mezzanine deficit
Non-controlling interest in Allied Physicians of California, a Professional Medical Corporation ("APC")		(202,558)		(205,883)

Stockholders' equity
Preferred stock, $0.001 par value per share; 5,000,000 shares authorized as of December 31, 2024 and December 31, 2023
Series A Preferred stock, zero authorized and issued and zero outstanding as of December 31, 2024 and 1,111,111 authorized and issued and zero outstanding as of December 31, 2023		—		—
Series B Preferred stock, zero authorized and issued and zero outstanding as of December 31, 2024 and 555,555 authorized and issued and zero outstanding as of December 31, 2023		—		—
Common stock, $0.001 par value per share; 100,000,000 shares authorized, 47,929,872 and 46,843,743 shares issued and outstanding, excluding 10,603,849 and 10,584,340 treasury shares, as of December 31, 2024 and December 31, 2023, respectively		48		47
Additional paid-in capital		426,389		371,037
Retained earnings		286,283		243,134
Total stockholders' equity		712,720		614,218

Non-controlling interest		4,006		2,433

Total equity		716,726		616,651

Total liabilities, mezzanine deficit, and stockholders' equity	$	1,356,458	$	933,361

⁽¹⁾

The Company's condensed consolidated balance sheets include the assets and liabilities of its consolidated VIEs. The condensed consolidated balance sheets include total assets that can be used only to settle obligations of the Company's consolidated VIEs totaling $761.4 million and $540.8 million as of December 31, 2024 and December 31, 2023, respectively, and total liabilities of the Company's consolidated VIEs for which creditors do not have recourse to the general credit of the primary beneficiary of $253.7 million and $146.0 million as of December 31, 2024 and December 31, 2023, respectively. These VIE balances do not include $224.9 million of investment in affiliates and $48.5 million of amounts due to affiliates as of December 31, 2024, and $273.2 million of investment in affiliates and $107.3 million of amounts due to affiliates as of December 31, 2023, as these are eliminated upon consolidation and not presented within the condensed consolidated balance sheets.

ASTRANA HEALTH, INC.
CONSOLIDATED STATEMENTS OF INCOME
(IN THOUSANDS, EXCEPT PER SHARE AMOUNTS)
(UNAUDITED)

	Three Months Ended December 31,				Year Ended December 31,
	2024		2023		2024		2023
Revenue
Capitation, net	$	616,900	$	309,184	$	1,856,785	$	1,215,614
Risk pool settlements and incentives		28,660		14,863		86,224		63,468
Management fee income		5,550		6,390		13,979		38,677
Fee-for-service, net		7,743		18,442		62,331		59,658
Other revenue		6,356		4,157		15,221		9,244

Total revenue		665,209		353,036		2,034,540		1,386,661

Operating expenses
Cost of services, excluding depreciation and amortization		614,730		314,055		1,763,152		1,171,703
General and administrative expenses		41,633		37,949		154,111		112,597
Depreciation and amortization		8,126		4,902		27,927		17,748

Total expenses		664,489		356,906		1,945,190		1,302,048

Income from operations		720		(3,870)		89,350		84,613

Other income (expense)
Income from equity method investments		1,564		2,475		4,451		5,579
Interest expense		(8,069)		(5,422)		(33,097)		(16,102)
Interest income		3,221		4,591		14,508		14,208
Unrealized gain (loss) on investments		316		1,294		731		(4,581)
Other income		353		1,856		4,875		6,121

Total other (expense) income, net		(2,615)		4,794		(8,532)		5,225

(Loss) income before provision for income taxes		(1,895)		924		80,818		89,838

Provision for income taxes		5,882		1,018		30,886		31,989

Net (loss) income		(7,777)		(94)		49,932		57,849

Net (loss) income attributable to noncontrolling interests		(826)		(12,450)		6,783		(2,868)

Net (loss) income attributable to Astrana Health, Inc.	$	(6,951)	$	12,356	$	43,149	$	60,717

(Loss) earnings per share – basic	$	(0.15)	$	0.26	$	0.91	$	1.30

(Loss) earnings per share – diluted	$	(0.15)	$	0.26	$	0.90	$	1.29

EBITDA

Set forth below are reconciliations of Net Income to EBITDA and Adjusted EBITDA as well as the reconciliation to Adjusted EBITDA margin for the three months and years ended December 31, 2024 and 2023. The Company defines Adjusted EBITDA margin as Adjusted EBITDA over total revenue.

	Three Months Ended December 31,								Year Ended December 31,
*(in thousands)*	2024				2023				2024				2023
Net (loss) income	$	(7,777)			$	(94)			$	49,932			$	57,849
Interest expense		8,069				5,422				33,097				16,102
Interest income		(3,221)				(4,591)				(14,508)				(14,208)
Provision for income taxes		5,882				1,018				30,886				31,989
Depreciation and amortization		8,126				4,902				27,927				17,748
EBITDA	$	11,079			$	6,657			$	127,334			$	109,480

Income from equity method investments		(1,564)				(1,989)				(4,451)				(5,149)
Other, net		10,288		⁽⁴⁾		4,721		⁽⁵⁾		12,951		⁽²⁾		6,228		⁽³⁾
Stock-based compensation		15,235				8,676				34,536				22,040
APC excluded assets costs		—				10,949				—				13,988
Adjusted EBITDA	$	35,038			$	29,014			$	170,370			$	146,587

Total Revenue	$	665,209			$	353,036			$	2,034,540			$	1,386,661

Adjusted EBITDA margin⁽¹⁾		5	%			8	%			8	%			11	%


⁽¹⁾	The Company defines Adjusted EBITDA margin as Adjusted EBITDA over total revenue.

⁽²⁾	Other, net for the year ended December 31, 2024 relates to transaction costs incurred for our investments and tax restructuring fees, anticipated recoveries from one time losses relating to third party payer payments associated with the Collaborative Health Systems, LLC ("CHS") transaction, financial guarantee via a letter of credit that we provided almost three years ago in support of two local provider-led ACOs, reimbursement from a related party of the Company for taxes associated with the December 2023 Excluded Assets Spin-off, non-cash gain on debt extinguishment related to one of our promissory note payables, non-cash realized loss from sale of one of our marketable equity securities, non-cash changes related to change in the fair value of our call option, change in the fair value of our financing obligation to purchase the remaining equity interests in one of our investments, changes in the fair value of our contingent liabilities, and changes in the fair value of the Company's Collar Agreement.

⁽³⁾	Other, net for the year ended December 31, 2023 consists of nonrecurring transaction costs and tax restructuring fees incurred, non-cash gains and losses related to the changes in the fair value of our financing obligation to purchase the remaining equity interests, contingent liabilities, and the Company's Collar Agreement relating to interest on the Revolver Loan, and excise tax related to a nonrecurring buyback of the Company's stock from APC.

⁽⁴⁾	Other, net for the three months ended December 31, 2024 relates to transaction costs incurred for our investments, to anticipated recoveries from one time losses relating to third party payer payments associated with the CHS transaction, and non-cash change in the fair value of our call option.

⁽⁵⁾	Other, net for the three months and year ended December 31, 2023 consists of nonrecurring transaction costs and tax restructuring fees incurred, non-cash gains and losses related to the changes in the fair value of our financing obligation to purchase the remaining equity interests, contingent liabilities, and the Company's Collar Agreement, and excise tax related to a nonrecurring buyback of the Company's stock from APC.

Guidance Reconciliation of Net Income to EBITDA and Adjusted EBITDA

	2025 Guidance Range
*(in thousands)*	Low		High
Net income	$	62,500	$	73,500
Interest expense, net		16,000		19,000
Provision for income taxes		34,000		40,000
Depreciation and amortization		32,500		32,500
EBITDA		145,000		165,000

Income from equity method investments		(5,500)		(5,500)
Other, net		9,500		9,500
Stock-based compensation		21,000		21,000
Adjusted EBITDA	$	170,000	$	190,000

Use of Non-GAAP Financial Measures

This press release contains the non-GAAP financial measures EBITDA and Adjusted EBITDA, of which the most directly comparable financial measure presented in accordance with U.S. generally accepted accounting principles ("GAAP") is net income. These measures are not in accordance with, or alternatives to GAAP, and may be calculated differently from similar non-GAAP financial measures used by other companies. The Company uses Adjusted EBITDA as a supplemental performance measure of our operations, for financial and operational decision-making, and as a supplemental means of evaluating period-to-period comparisons on a consistent basis. Adjusted EBITDA is calculated as earnings before interest, taxes, depreciation, and amortization, excluding income or loss from equity method investments, non-recurring and non-cash transactions, stock-based compensation, and APC excluded assets costs. The Company defines Adjusted EBITDA margin as Adjusted EBITDA over total revenue.

The Company believes the presentation of these non-GAAP financial measures provides investors with relevant and useful information, as it allows investors to evaluate the operating performance of the business activities without having to account for differences recognized because of non-core or non-recurring financial information. When GAAP financial measures are viewed in conjunction with non-GAAP financial measures, investors are provided with a more meaningful understanding of the Company's ongoing operating performance. In addition, these non-GAAP financial measures are among those indicators the Company uses as a basis for evaluating operational performance, allocating resources, and planning and forecasting future periods. Non-GAAP financial measures are not intended to be considered in isolation, or as a substitute for, GAAP financial measures. Other companies may calculate both EBITDA and Adjusted EBITDA differently, limiting the usefulness of these measures for comparative purposes. To the extent this release contains historical or future non-GAAP financial measures, the Company has provided corresponding GAAP financial measures for comparative purposes. The reconciliation between certain GAAP and non-GAAP measures is provided above.

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SOURCE Astrana Health, Inc.

FAQ

What was Astrana Health's (ASTH) revenue growth in 2024?

Astrana Health's total revenue grew 47% to $2,034.5 million in 2024, with Care Partners revenue increasing 52% to $1,949.0 million.

How did ASTH perform in Q4 2024 compared to Q4 2023?

Q4 2024 revenue increased 88% to $665.2 million, but the company reported a net loss of $7.0 million compared to $12.4 million profit in Q4 2023.

What new credit facilities did Astrana Health secure in February 2025?

ASTH secured $1.295 billion in total credit facilities from Truist Bank, including $300M revolving credit, $250M term loan, and $745M delayed draw term loan.

How many shares did Astrana Health repurchase from APC in January 2025?

ASTH repurchased 300,000 shares from Allied Physicians of California for approximately $10.6 million at $35.17 per share.

Astrana Health, Inc. Reports Fourth Quarter and Year-End 2024 Results

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FAQ

What was Astrana Health's (ASTH) revenue growth in 2024?

How did ASTH perform in Q4 2024 compared to Q4 2023?

What new credit facilities did Astrana Health secure in February 2025?

How many shares did Astrana Health repurchase from APC in January 2025?

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Astrana Health, Inc. Reports Fourth Quarter and Year-End 2024 Results

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What was Astrana Health's (ASTH) revenue growth in 2024?

How did ASTH perform in Q4 2024 compared to Q4 2023?

What new credit facilities did Astrana Health secure in February 2025?

How many shares did Astrana Health repurchase from APC in January 2025?

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