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 | Edward C. Fargis Executive Vice President, General Counsel, Company Secretary |
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, improve patient experiences and doctors for delivering care in both in-person and virtual care settings. Its Privia Platform is powered by the Privia Technology Solution an 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. Privia Platform optimizes provider workflow across the full continuum of reimbursement arrangements. The platform supports multiple provider types, enables scalable operations, and delivers patient centric in-person and virtual access to care, quality metrics, and lower cost of care. It provides management services to each Medical Group though a local management services organization. |
Financial Overview |
For the fiscal year ended 31 December 2023, Privia Health Group Inc revenues increased 22% to $1.66B. Net income totaled $23.1M vs. loss of $8.6M. Revenues reflect Capitated revenue segment increase of 55% to $338.7M, FFS-patient care segment increase of 12% to $976.7M. Net Income reflects Stock-based Compensation in S decrease of 56% to $22.6M (expense), Interest (income) expense, net increase from $542K to $8.4M (income). |
Employees: | 1,102 as of Dec 31, 2023 |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $1,929M as of Dec 31, 2023 |
Annual revenue (TTM): | $1,658M as of Dec 31, 2023 |
EBITDA (TTM): | $35.13M as of Dec 31, 2023 |
Net annual income (TTM): | $23.08M as of Dec 31, 2023 |
Free cash flow (TTM): | $80.67M as of Dec 31, 2023 |
Net Debt Last Fiscal Year: | N/A |
Shares outstanding: | 118,568,826 as of Feb 23, 2024 |
Index Membership: | S&P 600 Small Cap |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |