At what price and on what terms should Health Enterprise Partners invest in Privia?
At what price and on what terms should Health Enterprise Partners invest in Privia?
In 2011, Health Enterprise Partners (HEP) was considering an investment in Privia Health, a technology-enabled wellness and care management platform anchored within physician practices. This case explores Privia Health's marketplace, strengths, and challenges as well as how HEP approached setting the terms for an investment in the company during a highly competitive bidding process. The B case is intended to be handed out during a class session for discussion purposes.