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Privia Health (PRVA) - 2025 Q1 - Earnings Call Presentation
2025-05-08 11:23
Q1 2025 Performance Highlights - Implemented Providers increased by 11.7% compared to Q1 2024[8] - Practice Collections grew by 12.8% compared to Q1 2024[8] - Adjusted EBITDA increased by 35.1%[8] - Adjusted EBITDA margin was 25.6%, a 460 bps increase compared to Q1 2024[8] Strategic Expansion - Entered the Arizona market through a partnership with IMS, a multi-specialty group with approximately 70 MDs and APPs[9] - The Arizona market includes 28,000+ value-based care attributed lives across various programs[9] - $95 million in cash consideration was paid at closing for the Arizona market entry[9] National Presence and Value-Based Care - The company operates in 15 states plus D C, with over 1,200 care center locations and 5 2 million+ patients[10] - Total Attributed Lives amount to 1 27 million[14] - Government Lives account for 491,000, while Commercial Lives account for 779,000[14] Financial Position and Updated Guidance - The company has $469 3 million in cash and no debt as of March 31, 2025[20] - FY 2025 guidance for Implemented Providers, Practice Collections, GAAP Revenue, Care Margin, and Platform Contribution was raised to the mid-to-high end of the initial ranges[8, 23] - Attributed Lives guidance for FY 2025 remains unchanged at 1 3 million to 1 4 million[8, 23]