Privia Health Announces Closing of Initial Public Offering and Full Exercise of Underwriters’ Option to Purchase Additional Shares
The number of shares offered and sold by
A registration statement relating to these securities was declared effective by the
This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements about us and our industry that involve substantial risks and uncertainties and are based on our beliefs and assumptions and on information currently available to us. All statements other than statements of historical facts contained in this press release, including statements regarding our future results of operations, financial condition, business strategy and plans and objectives of management for future operations, are forward looking statements. In some cases, you can identify forward-looking statements because they contain words such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “should,” “will,” or “would,” or the negative of these words or other similar terms or expressions.
Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Forward-looking statements represent our beliefs and assumptions only as of the date of this release. These statements, and related risks, uncertainties, factors and assumptions, include, but are not limited to: conducting business in a heavily regulated industry; being required to make significant operational changes; actual or perceived failure to adequately protect the privacy and security of patients’ information, or a breach of patient’s information; history of losses and the risk that the Company may not achieve profitability; the impact of healthcare reform legislation and other changes in the healthcare industry and in healthcare spending; evolving government regulations; the COVID 19 pandemic; the impact on business as a result of security breaches, loss of data or other disruptions; ability to compete in the healthcare industry; dependence on reimbursements by third party payers and payments by individuals; reliance on third-party vendors to host and maintain the Privia Technology Solution; failure to maintain and renew existing physician practices, Privia Physicians, health system or hospital partners; failure to adequately expand direct sales force and business development staff; the viability of growth strategy and ability to realize expected results; the impact on business of disruptions in disaster recovery systems or management continuity planning; ability to develop and maintain proper and effective internal control over financial reporting; the potential adverse impact of legal proceedings and litigation; ability to maintain and enhance reputation and brand recognition; and overall business results that may suffer from an economic downturn. These risks are not exhaustive. Except as required by law, the Company assumes no obligation to update these forward-looking statements, or to update the reasons actual results could differ materially from those anticipated in the forward-looking statements, even if new information becomes available in the future. Further information on factors that could cause actual results to differ materially from the results anticipated by our forward-looking statements is included in the reports the Company has filed or will file with the