Business
Privia Health Partners with Surgery Partners; Enters Montana Market
ARLINGTON, Va. and BRENTWOOD, Tenn., Feb. 03, 2022 (GLOBE NEWSWIRE) -- Privia Health Group, Inc. (Nasdaq: PRVA) and Surgery Partners, Inc. (Nasdaq: SGRY)
About this update from Privia Health Group, Inc.
[{"type":"text","content":"ARLINGTON, Va. and BRENTWOOD, Tenn., Feb. 03, 2022 (GLOBE NEWSWIRE) -- Privia Health Group, Inc. (Nasdaq: PRVA) and Surgery Partners, Inc. (Nasdaq: SGRY) today announced a strategic agreement whereby Surgery Partners will leverage the physician enablement capabilities of Privia Health in the state of Montana, and Privia Health will build out a statewide physician provider network that will benefit from Surgery Partners high-value surgical capabilities. This agreement marks Privia Health’s entry into the state with Great Falls Clinic, a wholly owned subsidiary of Surgery Partners. Great Falls Clinic, a multi-specialty practice with approximately 65 providers spanning 24 specialties, will serve as the anchor practice for Privia Health as the company extends the single tax ID medical group across the state. The companies have also entered into a joint venture to establish Privia Management Company of Montana. Privia Health will be the majority owner and the exclusive provider of a comprehensive suite of clinical and performance operations services and technology capabilities to Great Falls Clinic as well as to new providers in Montana who join the Privia Platform. In addition, Great Falls Clinic is participating in the Medicare Shared Saving Program effective January 1, 2022 as part of Privia Health’s Accountable Care Organizations. “We expect this highly collaborative partnership with Privia Health to support our continued growth and expansion plans as we maintain our focus on delivering high-quality, short-stay surgical care in Great Falls and across the State of Montana,” said Surgery Partners CEO, Eric Evans. “Privia Health offers a breadth of solutions and expertise that enhance our clinical operations that we believe will allow our physician providers to focus more of their time with our patients. We are excited to partner with Privia Health and to explore additional opportunities in other markets across the U.S.” Privia Health CEO, Shawn Morris, added, “We are extremely pleased to align with Surgery Partners as we enter the state of Montana, another important geography for Privia Health as we continue to expand our model nationwide. This partnership demonstrates the flexibility and capabilities of our operating model with medical groups in uniquely distinct geographies. Our proprietary Privia Platform in combination with our...