Privia Health, an Arlington, Va.-based physician practice management and population health resource provider for independent physicians, received $400 million funding for expansion this week.
The funding came from Brighton Health’s investor group, led by an affiliate of Goldman Sachs & Co. Privia is planning to use the funds to expand in Virginia, Maryland, Washington D.C., New York, Atlanta, Florida, Texas, and other markets.
Privia runs high-performance physician practice, accountable care organization, and population health management programs for independent physicians. These programs include access to software—analytics, electronic health records, clinician decision support tools---that aim to help these physicians manage care and create relationships with payers.
“We believe in the ability of great doctors to transform medicine and deliver value. This initiative, and the significant capital commitment behind it, further establishes Privia as a national leader in keeping doctors at the forefront of change in our healthcare delivery system,” Jeff Butler, Privia Health’s founder and CEO, said in a statement.
Privia was founded in 2007. Currently, their tools service approximately 400,000 patients, the company says.