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
ARLINGTON VA 22203
Tel: N/A
Website: https://www.priviahealth.com
IR: See website
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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

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