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

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.

ARLINGTON, Va., Oct. 06, 2022 – Privia Health Group, Inc. (Nasdaq: PRVA) will release its financial results for the third quarter and nine months ending September 30, 2022, before market opening on November 10, 2022. The press release will be available by 7:00 am ET on the Company's Investor Relations website. Management will host a conference call at 8:30 am ET on the same day to discuss performance and future outlook. Investors can access the call via live webcast, with a replay available shortly after.

Privia Health Group, Inc. (Nasdaq: PRVA) will participate in a "fireside chat" Q&A session at the 2022 Global Healthcare Conference on September 13, 2022, at 9:05 AM ET. The event will feature the management team addressing key topics in healthcare. A live webcast, replay, and slide presentation will be accessible via their investor relations site. Privia Health is a tech-driven firm that enhances physician practices and patient experiences through cloud-based solutions, ensuring improved healthcare outcomes and cost efficiency.

Privia Health (Nasdaq: PRVA) and OhioHealth have announced a non-binding memorandum of understanding to establish a strategic partnership aimed at launching a medical group for independent providers in Ohio. This collaboration will enhance OhioHealth’s existing clinically integrated network (CIN) and offer an alternative for physicians wishing to maintain their independence. The anticipated new medical group will utilize Privia's technology platform to improve operational efficiency and support value-based care.

Privia Health Group, Inc. (Nasdaq: PRVA) announced its Accountable Care Organizations (ACOs) achieved $99.9 million in shared savings through the Medicare Shared Savings Program (MSSP) for 2021. With over 112,000 Medicare beneficiaries served, Privia's ACOs demonstrated 15% lower expenditures than the median MSSP ACO and 24% lower than total Fee for Service Medicare. Since 2014, they have accumulated over $740 million in shared savings. The technologies and care coordination efforts contributed to a quality score of 93%.