Astrana Health (ASTH) Earnings Call Presentation

Company Overview - Astrana Health is a healthcare platform focused on accessible, high-quality, high-value care through a provider-centric, technology-driven approach[7] - The company has a significant scale with 12,000+ providers and 1.1 million members in value-based care arrangements[9] - Astrana Health operates across 16 markets with 20+ payer partners[9] Financial Performance - Astrana Health's FY 2024 Adjusted EBITDA was $170.4 million[10] - The company's FY 2024 revenue was $2.03 billion[10] - The company projects revenue between $2.5 billion and $2.7 billion for FY 2025[31] - The company projects Adjusted EBITDA between $170 million and $190 million for FY 2025[31] Growth and Strategy - Astrana Health's revenue has grown at a Compound Annual Growth Rate (CAGR) of approximately 29%[25] - Adjusted EBITDA has grown at a CAGR of approximately 22%[27] - 38% of Astrana Health's members are in full-risk arrangements[35] - The company's playbook includes growth, risk progression, outcomes and cost management, and operating leverage[35]