Astrana Health, Inc. Completes Acquisition of Community Family Care Medical Group IPA, Inc. and Health Plan

ALHAMBRA, Calif., April 2, 2024 ~ Astrana Health, Inc. has recently announced the completion of its acquisition of Community Family Care Medical Group on March 31, 2024. The acquisition was made through the closing of both the second closing under the Asset and Equity Purchase Agreement and the closing under the Stock Purchase Agreement. This includes the acquisition of CFC Health Plan (HP) and CFC's management services organization (MSO) entities.

According to Brandon Sim, President and CEO of Astrana Health, this acquisition will allow them to take greater responsibility for their patients' outcomes and better manage and coordinate their overall health. He believes that this strengthened partnership will greatly benefit the populations they serve, and he is excited to demonstrate their commitment to providing accessible, high-quality, and high-value healthcare to local communities in Los Angeles.

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The details of Astrana's acquisition of CFC can be found on the Company's Investor Relations website. With this acquisition, Astrana Health continues to solidify its position as a leading provider-centric, technology-powered healthcare company dedicated to delivering accessible and high-quality care to all.

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