MedCity News
Privia Health CEO: IPO allows us to be independent & purely focused on strategy
In a wide-ranging interview, Privia Health CEO Shawn Morris discussed the company s recently closed IPO, its plans for the funds raised and what he sees as the company s biggest value-add as the Covid-19 pandemic enters a new phase.
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Privia Health Group, a company that partners with physician practices to enhance operations, recently closed its initial public offering, gaining $131 million in gross proceeds.
The Arlington, Virginia-based company focuses on reducing physicians’ administrative burdens through technology and accelerating their transition to value-based care.
Currently, 2,700 providers across six states and the District of Columbia partner with Privia Health, providing care to more than 3 million patients, CEO Shawn Morris said in a phone interview. Roughly, 680,000 are cared for through value-based arrangements.
Healthcare technology company Privia Health made a strong debut on the Nasdaq exchange Thursday, with its stock soaring above $30 per share. The company's stock closed at around $34.75, about 50% above its $23 per share offering price.
While music is an excellent way to enjoy yourself and be entertained, it can also be a powerful tool to deliver a message. The Gay Men’s Chorus of Washington, DC has been using music as a vehicle to fight for equality and justice for the last 40 years. Its community came together virtually to celebrate their Ruby Jubilee this past Saturday night.
Formed all the way back in 1981, at the dawn of the AIDS crisis, GMCW was sparked after an inspiring performance of San Francisco’s newly formed Gay Men’s Chorus at the Kennedy Center. Since then, they have performed hundreds of hours of both shows and community outreach, including international Equality tours, performing in front of sitting presidents, and taking iconic stages such as the Kennedy Center, Carnegie Hall, and the White House. They have an continue to use their platform and voices to push for inclusion.
Privia Health Group expects to raise $64 million with IPO - Washington Business Journal bizjournals.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bizjournals.com Daily Mail and Mail on Sunday newspapers.