Astrana Health Reports Strong Revenue Growth in 2024

Apollo Medical Holdings, Inc. ( (ASTH) ) has released its Q4 earnings. Here is a breakdown of the information Apollo Medical Holdings, Inc. presented to its investors.

Astrana Health, Inc. is a technology-powered healthcare company that focuses on providing high-quality, accessible care through a provider-centric model. The company operates in the healthcare management sector, leveraging a value-based care approach to empower providers and improve patient outcomes.

Astrana Health reported significant growth in its financial results for the year ending December 31, 2024, with total revenue reaching $2,034.5 million, marking a 47% increase from the previous year. Despite this growth, the company saw a decrease in net income, reporting $43.1 million compared to $60.7 million in 2023.

Key financial highlights include a 52% increase in Care Partners revenue and a 16% rise in Adjusted EBITDA to $170.4 million. However, the company experienced a net loss of $7.0 million in the fourth quarter, contrasting with a net income of $12.4 million in the same quarter of the previous year. Astrana also announced strategic partnerships and credit agreements to support future growth and acquisitions.

Looking ahead, Astrana Health’s management remains optimistic about sustainable growth, focusing on expanding membership, enhancing care quality, and managing costs effectively. The company anticipates total revenue between $2,500 million and $2,700 million for 2025, with Adjusted EBITDA projected to range from $170 million to $190 million.