Privia Health Group, which provides a value-based care platform for physicians, filed on Wednesday with the SEC to raise up to $100 million in an initial public offering.
Privia's platform is powered by its proprietary end-to-end, cloud-based technology solution that integrates both Privia-developed and third-party applications into a seamless interface and workflow that manages all aspects of healthcare services. The company currently operates in six states and the District of Columbia, covering over 70 target metropolitan statistical areas (including 20 out of the largest 100 MSAs).
The Arlington, VA-based company was founded in 2007 and booked $817 million in revenue for the 12 months ended December 31, 2020. It plans to list on the Nasdaq under the symbol PRVA. Goldman Sachs, J.P. Morgan, Credit Suisse, Piper Sandler and William Blair are the joint bookrunners on the deal. No pricing terms were disclosed.
