Business
Privia Health Enters Arizona In Partnership with Integrated Medical Services
IMS is One of the Largest Independent Multi-Specialty Practices in the State Arizona Represents 15th State in National Primary Care-Centric Care Delivery
About this update from Privia Health Group, Inc.
[{"type":"text","content":"IMS is One of the Largest Independent Multi-Specialty Practices in the State Arizona Represents 15th State in National Primary Care-Centric Care Delivery Network ARLINGTON, Va., April 09, 2025 (GLOBE NEWSWIRE) -- Privia Health Group, Inc. (Nasdaq: PRVA) announced it has signed a definitive agreement to enter Arizona in partnership with Integrated Medical Services, Inc. (IMS), one of the largest independent multi-specialty practices in the state, with approximately 70 physicians and advanced practice providers caring for patients in 21 locations. The group manages over 28,000 attributed lives in a variety of value-based care arrangements across Commercial, Medicare, Medicare Advantage and Medicaid. With this transaction, Privia Health launches Privia Medical Group—Arizona, providing a compelling new alternative for independent providers across the state to care for all patients regardless of the reimbursement model. IMS will serve as the anchor practice with a long-term management agreement with Privia Health and continue to be physician-owned and operated. IMS is expected to be implemented on the Privia Platform in the fourth quarter of 2025. The transaction and launch in Arizona is expected to be profitable starting in the fourth quarter of 2025 and for full-year 2026. Financial terms and additional details were not disclosed. “We are extremely pleased to partner with IMS, one of the largest independent practices in Arizona, as we expand Privia’s national presence,” said Jason Ross, EVP, Medical Groups, Privia Health. “The demographics of the Arizona market offer a compelling value-based care opportunity. We look forward to building on the IMS providers’ culture of delivering high quality care in the community as we continue to execute our strategy of aligning with like-minded providers and practices to offer high quality care to patients across the U.S.” “We are excited to align with a partner who sees the value of private practice physicians. It was important for all of us at IMS to find a partner who values our culture. Our commitment to our community is deep, and we feel confident Privia will not only help us maintain our culture, but grow and improve upon what we’ve built. Together, we will execute on a shared vision to build a scaled, vibrant, private practice provider network in Arizona,” added Riyaz Sumar, MD, President...