Privia Health Expands Value-Based Care Footprint with Acquisition of Accountable Care Organization Business from Evolent Health

Core Viewpoint - Privia Health Group, Inc. has signed a definitive agreement to acquire an Accountable Care Organization (ACO) business from Evolent Health, which will enhance its value-based care (VBC) capabilities and expand its reach to approximately 1.5 million attributed lives across various healthcare programs [1][3]. Financial Summary - The acquisition will involve an initial payment of $100 million in cash at closing, with an additional potential payment of up to $13 million based on the final performance in the Medicare Shared Savings Program (MSSP) for 2025 [2]. - The transaction is expected to close in the fourth quarter of 2025 and is projected to positively contribute to Adjusted EBITDA in 2026 [2]. Strategic Implications - This strategic acquisition will increase the number of VBC attributed lives in existing Privia states and add new lives in different states, creating synergy opportunities for ACO-participating providers to join Privia's Medical Groups [3]. - The integration of Evolent Health's ACO business into Privia's national network of ACOs will allow the company to replicate its flexible operating model with new provider partners across the U.S. [4]. Company Overview - Privia Health is one of the largest physician enablement companies in the U.S., operating in 15 states and the District of Columbia, and optimizing over 1,300 physician practices to improve patient experiences for more than 5.3 million patients [5]. - The company's mission focuses on transforming healthcare delivery to achieve better outcomes, lower costs, and enhance community health and provider well-being [6].