Sector: Healthcare | Industry: Healthcare Facilities & Services |
See Regulatory Filings on SEC |
Company Contact | |
Address: | 950 N. Glebe Rd., Suite 700 ARLINGTON VA 22203 |
Tel: | N/A |
Website: | https://www.priviahealth.com |
IR: | See website |
Key People | ||
Parth Mehrotra 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. The Company's platform is purpose-built, organizing physicians into value-based and primary-care centric networks bolstered by physician governance, and promotes a culture of physician leadership. The Privia Platform is powered by the Company's proprietary end-to-end, cloud-based technology solution that integrates both Privia-developed and third-party applications into an interface and workflow that manages all aspects of its Privia Providers provision of healthcare services (the Privia Technology Solution). It provides management services to each Medical Group though a local management services organization. |
Financial Overview |
For the nine months ended 30 September 2023, Privia Health Group Inc revenues increased 23% to $1.22B. Net income totaled $20.2M vs. loss of $26.4M. Revenues reflect Capitated revenue segment increase of 58% to $253.5M, FFS-patient care segment increase of 10% to $704.3M. Net Income reflects Interest (income) expense, net increase from $285K to $5.5M (income). |
Employees: | 964 as of Dec 31, 2022 |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $2,109M as of Sep 30, 2023 |
Annual revenue (TTM): | $1,581M as of Sep 30, 2023 |
EBITDA (TTM): | $34.61M as of Sep 30, 2023 |
Net annual income (TTM): | $38.02M as of Sep 30, 2023 |
Free cash flow (TTM): | $45.73M as of Sep 30, 2023 |
Net Debt Last Fiscal Year: | N/A |
Shares outstanding: | 118,064,379 as of Oct 27, 2023 |
Index Membership: | S&P 600 Small Cap |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |