Astrana Health Files 8-K for Material Agreement
Ticker: ASTH · Form: 8-K · Filed: Jan 21, 2025 · CIK: 1083446
Sentiment: neutral
Topics: material-agreement, filing
TL;DR
Astrana Health signed a big deal, filing an 8-K on Jan 21st.
AI Summary
Astrana Health, Inc. (formerly Apollo Medical Holdings, Inc.) filed an 8-K on January 21, 2025, reporting a material definitive agreement entered into on January 17, 2025. The filing also includes financial statements and exhibits. The company is incorporated in Delaware and its principal executive offices are located in Alhambra, California.
Why It Matters
This filing indicates a significant new contract or partnership for Astrana Health, which could impact its future revenue and operations.
Risk Assessment
Risk Level: medium — Material definitive agreements can introduce new risks or opportunities, the specifics of which are not detailed in this initial 8-K filing.
Key Players & Entities
- Astrana Health, Inc. (company) — Registrant
- Apollo Medical Holdings, Inc. (company) — Former Company Name
- January 17, 2025 (date) — Date of earliest event reported
- January 21, 2025 (date) — Date of report
- Delaware (jurisdiction) — State of Incorporation
- Alhambra, California (location) — Principal Executive Offices
FAQ
What is the nature of the material definitive agreement entered into by Astrana Health?
The filing does not specify the details of the material definitive agreement, only that one was entered into on January 17, 2025.
When was the 8-K report filed?
The 8-K report was filed on January 21, 2025.
What was Astrana Health's former name?
Astrana Health, Inc.'s former name was Apollo Medical Holdings, Inc.
Where are Astrana Health's principal executive offices located?
Astrana Health's principal executive offices are located at 1668 S. Garfield Avenue, 2nd Floor, Alhambra, California 91801.
What is the company's state of incorporation?
The company is incorporated in Delaware.
Filing Stats: 597 words · 2 min read · ~2 pages · Grade level 10.6 · Accepted 2025-01-21 08:00:17
Key Financial Figures
- $0.001 — nge on which registered Common Stock, $0.001 par value per share ASTH The Nasdaq
- $10.6 m — gregate purchase price of approximately $10.6 million, based on a purchase price per sh
- $35.17 — based on a purchase price per share of $35.17. APC is a consolidated affiliate of the
Filing Documents
- tm253666d1_8k.htm (8-K) — 26KB
- tm253666d1_ex10-1.htm (EX-10.1) — 56KB
- 0001104659-25-004739.txt ( ) — 266KB
- asth-20250117.xsd (EX-101.SCH) — 3KB
- asth-20250117_lab.xml (EX-101.LAB) — 33KB
- asth-20250117_pre.xml (EX-101.PRE) — 22KB
- tm253666d1_8k_htm.xml (XML) — 4KB
01 Entry into a Material Definitive Agreement
Item 1.01 Entry into a Material Definitive Agreement. On January 17, 2025, Astrana Health, Inc. (the "Company") entered into a stock repurchase agreement with Allied Physicians of California, a Professional Medical Corporation ("APC"), pursuant to which the Company agreed to repurchase 300,000 shares of the Company's common stock from APC for an aggregate purchase price of approximately $10.6 million, based on a purchase price per share of $35.17. APC is a consolidated affiliate of the Company of which Dr. Kenneth Sim, Executive Chairman of the Company's Board of Directors, is Chairman and a director and stockholder, and Dr. Thomas Lam, Vice Chairman of the Company's Board of Directors, is the Chief Executive Officer and Chief Financial Officer and a director and stockholder. The Company's Board of Directors and the Audit Committee of the Board of Directors approved the proposed repurchase. The above description of the stock repurchase agreement does not purport to be complete and is subject to, and qualified in its entirety by, the full text of such agreement, a copy of which is filed as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 10.1 Stock Repurchase Agreement, dated January 17, 2025, between Astrana Health, Inc. and Allied Physicians of California, a Professional Medical Corporation. 104 Cover Page Interactive Data File (the cover page XBRL tags are embedded within the inline XBRL document).
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. ASTRANA HEALTH, INC. Date: January 21, 2025 By: /s/ Brandon K. Sim Name: Brandon K. Sim Title: Chief Executive Officer and President