About Prospect Medical
Prospect Medical is a company based in Orange (United States) founded in 1995 was acquired by Astrana Health in November 2024.. The company has 6,484 employees as of December 31, 2022. Prospect Medical has completed 6 acquisitions, including Alta Hospitals System, Crozer Health and Crozer Keystone. Prospect Medical operates in a competitive market with competitors including Dentex, Integrated Dermatology, OBHG, Compass Surgical Partners and Imagen Dental Partners, among others.
- Headquarter Orange, United States
- Employees 6484 as on 31 Dec, 2022
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Sectors
Healthcare
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Prospect Chartercare, Llc
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
$3.33 M (USD), Grant
Jun 22, 2017
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Investors
HHS
& 1 more
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Employee Count
6484
as on Dec 31, 2022
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Investments & Acquisitions
Alta Hospitals System
& 5 more
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Acquired by
Astrana Health
(Nov 11, 2024)
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Funding Insights of Prospect Medical
- Total Funding Total Funding
- Total Rounds 1
- Last Round Grant — $3.3M
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First Round
First Round
(22 Jun 2017)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2017 | Amount | Grant - Prospect Medical | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Prospect Medical
Prospect Medical has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include HHS and Astrana Health. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Public health and human services are overseen by HHS.
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Founded Year | Domain | Location | |
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High-quality care is enabled for patients through provider-focused technology.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Prospect Medical
Prospect Medical has strategically engaged in corporate development activities, having acquired 6 companies. Notable acquisitions include Alta Hospitals System, Crozer Health and Crozer Keystone. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Provider of hospital and medical group networks
|
1998 | ||||
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A chain of multispecialty hospitals is operated.
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1990 | ||||
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Healthcare services are provided by Crozer Health in Delaware.
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1990 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Prospect Medical
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Prospect Medical Comparisons
Competitors of Prospect Medical
Prospect Medical operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Dentex, Integrated Dermatology, OBHG, Compass Surgical Partners and Imagen Dental Partners, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Provider of practice management services
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| domain | founded_year | HQ Location |
Provider of healthcare practice brokerage and consulting services
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| domain | founded_year | HQ Location |
Physician recruiting services for obstetrics and gynecology are provided.
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| domain | founded_year | HQ Location |
Services for surgery centers are provided by Compass Surgical Partners.
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| domain | founded_year | HQ Location |
Dental healthcare partnerships are facilitated across the United States.
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| domain | founded_year | HQ Location |
Offers physician management and payor contracting services for obstetrics-gynecology practices
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Prospect Medical
Frequently Asked Questions about Prospect Medical
When was Prospect Medical founded?
Prospect Medical was founded in 1995 and raised its 1st funding round 22 years after it was founded.
Where is Prospect Medical located?
Prospect Medical is headquartered in Orange, United States. It is registered at Orange, California, United States.
How many employees does Prospect Medical have?
As of Dec 31, 2022, the latest employee count at Prospect Medical is 6,484.
What does Prospect Medical do?
Prospect Medical was established in 1995 in Orange, United States, within the healthcare sector. Medical practices are managed and operated by the company, with services encompassing primary care, specialty treatments, and administrative support for physicians. Operations are centered in the United States, facilitating access to integrated healthcare delivery for patients across multiple facilities and regions.
Who are the top competitors of Prospect Medical?
Prospect Medical's top competitors include OBHG, Imagen Dental Partners and Integrated Dermatology.
How many acquisitions has Prospect Medical made?
Prospect Medical has made 6 acquisitions, including Alta Hospitals System, Crozer Health, and Crozer Keystone.
Who are Prospect Medical's investors?
Prospect Medical has 2 investors. Key investors include HHS, and Astrana Health.