ARLINGTON, Va., Oct. 07, 2025 (GLOBE NEWSWIRE) -- Privia Health Group, Inc. (Nasdaq: PRVA) today announced that it expects to release financial results for its third-quarter and nine-month periods ended September 30, 2025 before market open on Thursday, November 6, 2025. The press release is expected to be publicly disseminated by 7:00 am ET and will also be available on the Company’s Investor Relations website at ir.priviahealth.com. Privia Health management will host a conference call beginning at 8:00 am ...

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].

Core Insights - Privia Health Group, Inc. announced that its Accountable Care Organizations (ACOs) achieved shared savings of $233.1 million for the 2024 performance year, marking a 32% increase from 2023 [1][2] - The company has increased its Adjusted EBITDA guidance for full-year 2025 to a range of $113 to $116 million based on the strong performance in the Medicare Shared Savings Program [4] Performance Highlights - The nine ACOs managed by Privia Quality Network (PQN) oversaw over $2.5 billion in healthcare benchmark spending, serving approximately 194,700 Medicare beneficiaries in 2024 [1][3] - PQN's ACOs delivered an aggregate savings rate of 9.3%, with the Mid-Atlantic ACO achieving the highest savings rate of 10.6% among ACOs with over 40,000 attributed lives [6] - Beneficiary expenditures were 8% lower than the median ACO and 22% below fee-for-service Medicare, while inpatient facility spend was 13% lower than the median ACO and 28% lower than fee-for-service Medicare [6] Strategic Approach - The company's physician-led approach emphasizes equipping physicians with essential tools and technology to manage total care costs effectively, leading to improved outcomes for nearly 195,000 Medicare beneficiaries [2] - Data-driven tools and strategic tactics empower physician partners, creating a beneficial situation for patients, the healthcare system, and the physicians [2] Historical Performance - Since 2014, PQN has delivered total shared savings exceeding $1.5 billion across various programs, including $922 million through the Medicare Shared Savings Program [3]

Core Insights - Privia Health Group, Inc. reported strong financial results for the second quarter of 2025, with total revenue increasing by 23.4% year-over-year to $521.2 million, and gross profit rising by 14.8% to $112.8 million [2][4][6]. Financial Performance - Total revenue for the second quarter of 2025 was $521.2 million, compared to $422.3 million in the same period of 2024, reflecting a 23.4% increase [2]. - Gross profit for the second quarter of 2025 was $112.8 million, up from $98.3 million in 2024, marking a 14.8% increase [2]. - Operating income decreased by 34.6% to $3.3 million, while net income fell by 22.5% to $2.7 million [2][6]. - Non-GAAP adjusted net income increased by 30.1% to $30.6 million, with adjusted net income per share rising by 26.3% to $0.24 [2][6]. Key Operating Metrics - The number of implemented providers increased by 13.8% to 5,125, and value-based care attributed lives rose by 15.2% to 1,382,000 [2][4]. - Practice collections for the second quarter reached $862.9 million, an 18.5% increase compared to the previous year [2][4]. - Adjusted EBITDA for the second quarter was $29.0 million, reflecting a 31.6% increase from $22.0 million in 2024 [2][4]. Six-Month Performance - For the first half of 2025, total revenue was $1,001.3 million, up 19.5% from $837.6 million in the same period of 2024 [6]. - Gross profit for the first half was $216.4 million, a 12.9% increase from $191.6 million [6]. - Non-GAAP adjusted net income for the first half increased by 26.8% to $58.4 million [6]. Updated Guidance - Privia Health raised its full-year 2025 guidance for practice collections, GAAP revenue, platform contribution, and adjusted EBITDA, indicating strong growth expectations [8][9]. - The updated guidance includes expectations for implemented providers to reach 5,300 and attributed lives to reach 1,400,000 [8][9]. Cash Position - The company reported cash and cash equivalents of $390.1 million with no debt, following a $95 million deployment for an IMS transaction in Arizona [5][6].

Core Viewpoint - Privia Health Group, Inc. is set to release its financial results for the second quarter and six-month periods ending June 30, 2025, on August 7, 2025, before market open [1] Financial Results Announcement - The press release will be available at 7:00 am ET on August 7, 2025, on the Company's Investor Relations website [2] - A conference call will be hosted by Privia Health management at 8:00 am ET on the same day to discuss the financial results and future outlook [2][3] 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 [4] - The company builds scaled provider networks with a focus on primary-care centric medical groups and risk-bearing entities [4] - Privia collaborates with medical groups, health plans, and health systems to optimize over 1,200 physician practices, enhancing the patient experience for more than 5.2 million patients [4] - The company rewards over 4,800 physicians and advanced practitioners for delivering high-value care [4] Mission Statement - Privia's mission is to transform healthcare delivery to achieve better outcomes, lower costs, and improve community health and provider well-being [5]

Group 1 - Privia Health Group, Inc. appointed Lance V. Berberian to its Board of Directors, effective July 15, 2025, increasing the Board to 10 directors [1][2] - Berberian brings over 30 years of experience in technology strategy and digital transformation, having previously served as EVP and Chief Information and Technology Officer at Labcorp Holdings Inc. [2] - His expertise includes IT governance, infrastructure management, and cybersecurity, which is expected to support Privia Health's growth and development of provider networks across the U.S. [2] Group 2 - Privia Health is one of the largest physician enablement companies in the U.S., operating in 15 states and the District of Columbia [4] - The company optimizes over 1,200 physician practices, enhancing patient experiences for more than 5.2 million patients and rewarding over 4,800 physicians and advanced practitioners [4] - Privia's mission focuses on transforming healthcare delivery to achieve better outcomes, lower costs, and improve community health and provider well-being [5]

Core Insights - Privia Health Group, Inc. reported strong financial results for Q1 2025, with total revenue increasing by 15.6% to $480.1 million compared to $415.2 million in Q1 2024 [2][21] - The company achieved a significant increase in operating income, rising 534.0% to $5.2 million from $0.8 million year-over-year [2][21] - Privia Health raised its full-year 2025 guidance to the mid- to high end of its previous estimates across various metrics, indicating confidence in continued growth [5][8] Financial Performance - Total revenue for Q1 2025 was $480.1 million, up from $415.2 million in Q1 2024, reflecting a 15.6% increase [2] - Gross profit increased by 11.0% to $103.6 million from $93.4 million [2] - Net income rose by 41.4% to $4.2 million compared to $3.0 million in the same quarter last year [2] - Non-GAAP adjusted net income was $27.8 million, a 23.3% increase from $22.5 million [2] Key Operating Metrics - The number of implemented providers increased by 11.7% to 4,871 from 4,359 [4] - Value-based care attributed lives grew by 11.1% to 1,270,000 from 1,143,000 [4] - Practice collections reached $798.6 million, a 12.8% increase from $707.7 million [4] - Adjusted EBITDA for Q1 2025 was $26.9 million, up 35.1% from $19.9 million in Q1 2024 [4][6] Strategic Developments - Privia Health entered the Arizona market in partnership with Integrated Medical Services, which includes approximately 70 physicians and advanced practice providers [5][7] - The Arizona launch is expected to be profitable starting in Q4 2025, contributing to the company's growth strategy [5][7] Updated Guidance - Full-year 2025 guidance was raised to the mid- to high end of previous estimates for implemented providers, practice collections, and GAAP revenue [8] - The updated guidance includes expectations for minimal year-over-year increases in value-based shared savings accruals and assumes no other new business development activity [10]