Medical Properties Trust prospect to sell managed care unit to Astrana for $745M

Astrana Health (ASTH) entered into a binding agreement on November 8 to purchase the majority of Prospect’s managed care platform for approximately $745M and the assumption of certain liabilities. After satisfaction of obligations to the managed care platform’s senior creditor and other liabilities, Medical Properties Trust (MPW) expects to receive approximately $200M in total proceeds. The majority of this cash is expected to be received in the first half of 2025, while a $50M payment is expected by 2027. The transaction remains subject to regulatory approval and other closing conditions.