Providence Health & Services
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Providence Health & Services - overview
Established
1859
Location
Renton, WA, US
Primary Industry
Healthcare
About
Providence Health & Services, founded in 1859, is a Washington-based healthcare organization that provides comprehensive medical services, including in-person and virtual consultations, urgent care, and specialty care across diverse communities in the United States. Providence Health & Services specializes in delivering healthcare services, focusing on personalized care for patients. The organization was founded in Renton, Washington, and has undergone strategic developments to enhance its service delivery. The current leadership team includes CEOs Benjamin LeBlanc, Greg Stephens, Jessica Oswald, and Steve Burdick.
Providence offers a comprehensive suite of healthcare services designed to provide high-quality, personalized care to a diverse client base. Their core offerings include in-person and virtual visits, enabling patients to access medical consultations through online video and phone appointments, accommodating both minor and major health concerns. The organization operates urgent care and ExpressCare clinics open seven days a week, ensuring convenience for patients needing immediate attention. Providence serves urban and suburban communities throughout the United States, enhancing patient experience through functionalities like the Providence app for managing appointments and accessing medical records.
In the year 2022, Providence Health & Services reported a revenue amounting to USD 26,434. 00 mn. The organization also incurred an EBITDA of USD -682. 00 mn, indicating the financial dynamics of its operations.
Providence Health & Services is focused on expanding its service offerings and geographic reach. Plans include the introduction of new digital health products aimed at improving patient engagement and access to care. The organization targets growth in both urban and rural markets across the United States to increase accessibility by 2025. Recent funding will be allocated to enhance technological capabilities and support the development of a more integrated care model.
Primary Industry
Healthcare
Sub Industries
Hospitals
Website
www.providence.org
Total Amount Raised
Subscriber access only
Providence Health & Services - timeline of key events
Providence Health & Services - financials
| Fiscal Year Ended | Dec 31, 2013 | Dec 31, 2014 | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 11,436,471,000 | 12,673,995,000 | 14,619,348,000 | 19,082,000,000 | 23,432,000,000 | 24,539,000,000 | 25,025,000,000 | - | - | - |
| % Revenue Growth (YoY) | - | 10.8% | 15.3% | 30.5% | 22.8% | 4.7% | 2.0% | - | - | - |
| EBITDA (USD) | 639,494,000 | 901,180,000 | 893,073,000 | 611,000,000 | 1,060,000,000 | 1,086,000,000 | 1,290,000,000 | - | - | - |
| Operating Income (USD) | 37,671,000 | 219,152,000 | 261,816,000 | (249,000,000) | 3,000,000 | 3,000,000 | 214,000,000 | - | - | - |
| Operating Margin | 0.3% | 1.7% | 1.8% | (1.3%) | 0.0% | 0.0% | 0.9% | - | - | - |
| % EBITDA Margin | 5.6% | 7.1% | 6.1% | 3.2% | 4.5% | 4.4% | 5.2% | - | - | - |
| NET Income (USD) | 253,270,000 | 771,422,000 | 76,825,000 | 5,231,000,000 | 780,000,000 | (445,000,000) | 1,358,000,000 | - | - | - |
| % Net Margin | 2.2% | 6.1% | 0.5% | 27.4% | 3.3% | (1.8%) | 5.4% | - | - | - |
Providence Health & Services - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | St. Jude Medical Center | - | ||||||||
| N/A | Completed | 3531 Fashion Way | - |
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Providence Health & Services - employee data
Providence Health & Services - key contacts
| Name | Position | Start Date | End Date | Vcard | Bio | ||
|---|---|---|---|---|---|---|---|
| Chairman Of The Board | BM | ||||||
| President, Chief Executive Officer and Board Chairman | BM | ||||||
| Board Member | BM | ||||||
| Board Member, Governance Chair | BM | ||||||
| Chairman of the Board | BM |
BM Board Member
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