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Astrana Health, Inc. Announces Share Repurchase of 300,000 Shares

1. Astrana Health repurchased 300,000 shares for $10.55 million. 2. The purchase price per share was $35.17, aligned with Nasdaq's closing. 3. Management's confidence is highlighted through this strategic share repurchase. 4. Astrana prioritizes long-term growth alongside opportunistic stock buybacks. 5. The company serves over 1.1 million patients in value-based care.

Shares Buyback
+7.04%Current Return
VS
+1.62%S&P 500
$35.1701/21 08:00 AM EDTEvent Start
$37.64501/22 02:39 PM EDTLatest Updated
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FAQ

Why Bullish?

The share repurchase signals confidence in future performance, similar to positive past stock buyback initiatives.

How important is it?

The repurchase indicates strong company fundamentals and growth outlook, likely influencing investor sentiment.

Why Short Term?

Immediate positive price impacts are expected due to the share buyback announcement.

Related Companies

NASDAQ: APC
, /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) 943-6491Asher Dewhurst[email protected] SOURCE Astrana Health, Inc. WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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