Medical properties trust announces prospect's binding agreement to sell managed care business to astrana health

Birmingham, ala.--(business wire)--astrana health, a leading provider-centric healthcare company based in california, entered into a binding agreement on november 8 to purchase the majority of prospect's managed care platform for approximately $745 million and the assumption of certain liabilities. after satisfaction of obligations to the managed care platform's senior creditor and other liabilities, mpt expects to receive approximately $200 million in total proceeds. the majority of this cash.
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