From GlobeNewswire: 2025-05-08 06:00:00

Privia Health Group, Inc. reported strong first-quarter financial results, with total revenue reaching $480.1 million, a 15.6% increase from the previous year. Operating income surged to $5.2 million, a 534.0% increase. Net income for the quarter was $4.2 million, with non-GAAP adjusted net income at $27.8 million.

Privia Health made a significant move by entering the state of Arizona through a partnership with Integrated Medical Services (IMS). This partnership includes around 70 physicians and advanced practice providers managing over 28,000 patient lives. Privia Health paid $95 million in cash for this strategic move, which is expected to be profitable starting in the fourth quarter of 2025.

The company also raised its full-year 2025 outlook to the mid- to high end of most of its guidance ranges. Key metrics for the first quarter of 2025 showed strong growth, with implemented providers at 4,871, an 11.7% increase from the previous year, and attributed lives at 1,270,000, an 11.1% increase. Practice collections were up by 12.8% compared to the first quarter of 2024.

Privia Health’s non-GAAP financial measures, including Care Margin, Platform Contribution, and Adjusted EBITDA, showed positive growth in the first quarter of 2025. Care Margin reached $105.3 million, Platform Contribution was at $51.7 million, and Adjusted EBITDA stood at $26.9 million. The company continues to focus on optimizing its operations and financial performance to deliver high-value care.



Read more at GlobeNewswire:: Privia Health Reports First Quarter 2025 Financial Results