Evolent Health, Inc. (NYSE: EVH) (“Evolent”), a company focused on achieving better health outcomes for people with complex conditions, announces that it has agreed to sell its value-based primary care business, Evolent Care Partners (“ECP”), to Privia Health Group, Inc. (Nasdaq: PRVA). ECP is a leading participant in the Medicare Shared Savings Program (“MSSP”), partnering with more than 1,000 physicians across the nation to serve more than 120,000 members. Total transaction value of up to $113 million is payable in cash, with $100 million at closing and the balance in Fall 2026 based on final MSSP performance for 2025. Evolent estimates the sold assets are generating roughly $10 million in adjusted EBITDA today.
Read the full article: Evolent Announces Strategic Divestiture of Its Value-Based Primary Care Business, Evolent Care Partners //
Source: https://www.prnewswire.com/news-releases/evolent-announces-strategic-divestiture-of-its-value-based-primary-care-business-evolent-care-partners-302564871.html