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Jun 30, 2024
Astrana Health Q2 2024 Earnings Report
Reported strong second quarter results driven by organic growth and successful integration of Community Family Care acquisition.
Key Takeaways
Astrana Health reported strong second quarter results driven by continued organic growth in the Care Partners segment, the successful integration of the Community Family Care acquisition, and continued success in managing total cost of care. The company also entered Arizona and Hawai'i, partnered with Anthem Blue Cross and Elation Health, and agreed to acquire Collaborative Health Systems.
Strong second quarter results reflect progress, scale, and momentum at Astrana.
Revenue and adjusted EBITDA growth driven by organic growth in Care Partners segment.
Successful integration of the Community Family Care acquisition.
Entry into Arizona and Hawai'i, partnerships with Anthem Blue Cross and Elation Health, and agreement to acquire Collaborative Health Systems are anticipated to continue driving strong, sustainable, and profitable growth.
Forward Guidance
Astrana is updating its revenue, net income attributable to Astrana, and EPS - diluted guidance for 2024 while reiterating guidance for Adjusted EBITDA for the year ending December 31, 2024.
Historical Earnings Impact
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