Privia Health Prices of Secondary Offering

ARLINGTON, Va., Nov. 16, 2022 (GLOBE NEWSWIRE) — Privia Health Group, Inc. (Nasdaq: PRVA) announced the pricing of its previously announced underwritten public offering of 5,000,000 shares of common stock by certain selling stockholders at a public offering price of $23.50 per share. Such selling stockholders have granted the underwriters a 30-day option to purchase up to an additional 750,000 shares of the Company’s common stock.

The Company will not receive any of the proceeds from the secondary offering. The offering is expected to close on November 21, 2022, subject to customary closing conditions.

Goldman Sachs & Co. LLC is acting as lead book-running manager for the offering of common stock and as representative of the underwriters for the offering. Credit Suisse, Jefferies and William Blair are acting as active book-running managers. Canaccord Genuity and SVB Securities are acting as book-running managers. NCMG is acting as co-manager.

A shelf registration statement on Form S-3 (including a prospectus) relating to the securities being sold in the offering was deemed automatically effective upon filing with the Securities and Exchange Commission (the “SEC”). A copy of the final prospectus, when available, may be obtained for free by visiting EDGAR on the SEC website at www.sec.gov, or by contacting: Goldman Sachs & Co. LLC, Attention: Prospectus Department, 200 West Street, New York, New York 10282, via telephone: 1-866-471-2526, or via email: prospectus-ny@ny.email.gs.com.

This press release is neither an offer to sell nor a solicitation of an offer to buy any securities, nor shall it constitute an offer, solicitation or sale of any securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or jurisdiction.

About Privia Health

Privia Health™ is a technology-driven, national physician enablement company that collaborates with medical groups, health plans, and health systems to optimize physician practices, improve patient experiences, and reward doctors for delivering high-value care in both in-person and virtual settings. Privia Health’s platform is led by top industry talent and exceptional physician leadership, and consists of scalable operations and end-to-end, cloud-based technology that reduces unnecessary healthcare costs, achieves better outcomes, and improves the health of patients and the well-being of providers.