Privia Health Group Inc (OQ:PRVA)

Business Focus: Healthcare Facilities & Services

Sector:  Healthcare Industry:  Healthcare Facilities & Services
See Regulatory Filings on SEC
Company Contact
Address: 950 N. Glebe Rd., Suite 700
Tel: N/A
IR: See website
Key People
Parth Mehrotra
President, Chief Operating Officer
Shawn Morris
Chief Executive Officer, Director
David Mountcastle
Chief Financial Officer, Executive Vice President
Thomas Bartrum
Executive Vice President, General Counsel
Business Overview
Privia Health Group, Inc. is a technology-driven, national physician-enablement company. The Company collaborates with medical groups, health plans, and health systems. It enhances physician practices, develop patient experiences, and doctors for delivering care in both in-person and virtual care settings. Its platform is purpose-built, organizing physicians into primary-care centric networks bolstered by physician governance, and promotes a culture of physician leadership. The Privia Platform is powered by its proprietary end-to-end, cloud-based technology solution that integrates both Privia-developed and third-party applications into a seamless interface and workflow that manages all aspects of its Privia Providers provision of healthcare services. It offers Privia Care Partners to providers who do not desire to join one of its Medical Groups. The Company provides management services to each Medical Group though a local management services organization.
Financial Overview
For the nine months ended 30 September 2022, Privia Health Group Inc revenues increased 44% to $992.2M. Net loss decreased 85% to $26.4M. Revenues reflect FFS-patient care segment increase of 16% to $637.5M, Shared savings segment increase of 46% to $90.3M. Lower net loss reflects General and administrative decrease of 68% to $69.2M (expense), Sales and marketing decrease of 50% to $9.5M (expense).
Employees: 810 as of Dec 31, 2021
Reporting Currency: U.S. Dollars
Enterprise value: $2,415M as of Sep 30, 2022
Annual revenue (TTM): $1,268M as of Sep 30, 2022
EBITDA (TTM): -$30.43M as of Sep 30, 2022
Net annual income (TTM): -$38.34M as of Sep 30, 2022
Free cash flow (TTM): $5.48M as of Sep 30, 2022
Net Debt Last Fiscal Year: N/A
Shares outstanding: 114,228,111 as of Nov 16, 2022
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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