M&A Deal Summary

Privia Health Acquires Evolent Health - Accountable Care Organization Business

On September 23, 2025, Privia Health acquired healthcare services company Evolent Health - Accountable Care Organization Business from Evolent Health

Acquisition Highlights
  • This is Privia Health’s 1st transaction in the Healthcare Services sector.
  • This is Privia Health’s 1st transaction in the United States.
  • This is Privia Health’s 1st transaction in Virginia.

M&A Deal Summary

Date 2025-09-23
Target Evolent Health - Accountable Care Organization Business
Sector Healthcare Services
Buyer(s) Privia Health
Sellers(s) Evolent Health
Deal Type Divestiture

Target

Evolent Health - Accountable Care Organization Business

Arlington, Virginia, United States
Evolent Health's Accountable Care Organization (ACO) Business cares for over 120,000 attributed lives through the Medicare Shared Savings Program (MSSP), as well as various commercial and Medicare Advantage programs.

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Buyer(S) 1

Buyer

Privia Health

Arlington, Virginia, United States

Category Company
Founded 2007
Sector Information Technology
Employees1,140
Revenue 1.7B USD (2024)
DESCRIPTION

Privia Health is a unique physician practice management and population health technology company that partners with top doctors to keep people healthy, prevent disease, and better manage care in-between office visits. Privia Health was founded in 2007 and is based in Arlington, Virginia.


DEAL STATS #
Overall 1 of 1
Sector: Healthcare Services M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Virginia M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2025 M&A 1 of 1

Seller(S) 1

SELLER

Evolent Health

Arlington, Virginia, United States

Category Company
Founded 2011
Sector Information Technology
Employees4,700
Revenue 2.6B USD (2024)
DESCRIPTION

Evolent Health partners with major health systems to drive value-based care transformation. By providing clinical, analytical, and financial capabilities, the company helps physicians and systems achieve superior quality and cost results. Evolent Health was founded in 2011 and is based in Arlington, Virginia.


DEAL STATS #
Overall 1 of 1
Sector: Healthcare Services M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Virginia M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2025 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-17 Magellan Specialty Health

United States

Magellan Specialty Health is a specialty benefit management organization that offers industry-leading utilization management solutions to health plans, including radiology management, musculoskeletal management, physical medicine management, and genetic testing solutions. Magellan Specialty Health is based in United States.

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