Privia Health Group, Inc. Stock Price, News & Analysis

Privia Health Group (Nasdaq: PRVA) has expanded its reach by launching two new Accountable Care Organizations (ACOs) in Delaware and North Carolina, bringing its total ACOs to nine. This initiative, effective January 1, 2023, allows over 2,500 independent providers to serve more than 191,700 Medicare beneficiaries through the Medicare Shared Savings Program (MSSP). Privia’s ACOs have achieved notable success, having generated $99.9 million in shared savings in 2021, with overall savings exceeding $740 million since joining MSSP in 2014. The expansion reflects Privia's commitment to enhancing value-based care across the nation.

Privia Health Group, Inc. (Nasdaq: PRVA) has announced a partnership with Beebe Healthcare to establish the Privia Quality Network — Delaware (PQN – DE), marking its expansion into the 11th state. This Accountable Care Organization will participate in the 2023 Medicare Shared Savings Program (MSSP), managing approximately 12,400 patient lives through over 200 providers. This initiative is designed to enhance value-based care via a robust analytics platform, benefiting both patients and healthcare providers. Since 2014, Privia Quality Network has generated over $740 million in shared savings across various programs, including $380 million from MSSP.

ARLINGTON, Va., Jan. 03, 2023 (GLOBE NEWSWIRE) -- Privia Health Group plans to present at the 41st Annual J.P. Morgan Healthcare Conference on January 9, 2023, starting at 6:00 pm ET. The management team will engage in a Q&A session.

The live webcast and replay will be accessible along with a slide presentation on their investor relations page.

ARLINGTON, Va., Nov. 28, 2022 – Privia Health Group (Nasdaq: PRVA) will participate in a fireside chat Q&A session at the 34th Annual Piper Sandler Healthcare Conference on November 30, 2022, at 10:00 am ET. The live webcast and replay will be available on their investor relations page.

Privia Health is a technology-driven physician enablement company that partners with medical groups and health systems to enhance practice efficiency and patient care, focusing on high-value healthcare delivery.

Privia Health Group, Inc. (Nasdaq: PRVA) has announced the pricing of an underwritten public offering of 5,000,000 shares of common stock at $23.50 per share, with an option for underwriters to purchase an additional 750,000 shares. The offering is set to close on November 21, 2022. Notably, the company will not receive any proceeds from this secondary offering. Goldman Sachs & Co. LLC leads the underwriting team, which includes Credit Suisse, Jefferies, and others. The offering is detailed in a prospectus filed with the SEC.

Privia Health Group, Inc. (Nasdaq: PRVA) announced a public offering of 5,000,000 shares of common stock by certain selling stockholders, with an option for underwriters to buy an additional 750,000 shares. The Company will not receive any proceeds from this offering, as costs will be borne by the selling stockholders. Goldman Sachs is leading the offering, which is under an already effective shelf registration statement filed with the SEC. Forward-looking statements highlight uncertainties surrounding the completion of the offering.

Privia Health Group, Inc. (Nasdaq: PRVA) announced the resignation of Jeff Butler from its Board of Directors and Compliance Committee, effective immediately. Butler, a co-founder, stated his decision stems from confidence in the company's strength after 15 years. CEO Shawn Morris expressed gratitude for Butler's dedication and service. Privia Health is a technology-driven physician enablement company focused on optimizing healthcare delivery and improving patient experiences through innovative solutions.

Privia Health Group, Inc. reported strong Q3 2022 results, with total revenue reaching $342.9 million, a 36.3% increase from the previous year. The company achieved a net income of $1.6 million, or $0.01 per share, compared to a net loss of $(9.1) million in Q3 2021. Key metrics include a 52.4% rise in practice collections and a 27.2% increase in implemented providers. Additionally, the company announced new partnerships with health systems in North Carolina and Ohio, aiming to enhance its market reach.

Privia Health (Nasdaq: PRVA) announces a strategic partnership with Novant Health Enterprises to establish Privia Medical Group – North Carolina. This venture aims to enhance support for independent providers and facilitate a transition to value-based care through a clinically integrated network (CIN) model. The partnership emphasizes the optimization of practice operations and improved patient care experiences using Privia's innovative platform. New providers will benefit from technology solutions that alleviate administrative burdens and enhance collaboration in patient care.