Tampa, Fla.-based CHS is a management services subsidiary that partners with independent primary care physicians around value-based care models, according to a July 25 news release. It currently works with 129,000 beneficiaries across 17 states.
Alhambra, Calif.-based Astrana offers technology solutions that enable providers to participate in value-based arrangements. Formerly ApolloMed, the company works with 10,000 providers and 1 million patients.
Pending regulatory approvals, the purchase is expected to close by the end of 2024.