{"schema_version":"secwatch.filing_event.v1","accession":"0001628908-25-000124","form_type":"8-K","ticker":"EVH","cik":"0001628908","company_name":"Evolent Health, Inc.","filed_at":"2025-09-23T23:59:59+00:00","discovered_at":"2026-05-14T18:02:44.519642+00:00","generated_at":"2026-05-17T05:53:04.569903+00:00","sec_items":["7.01","8.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Evolent sells value-based primary care business Evolent Care Partners to Privia for up to $113M","bullets":["ECP acquired by Privia Health Group (PRVA) for $100M cash at close plus up to $13M contingent on 2025 MSSP performance; expected close Q4 2025.","All net proceeds will prepay senior term debt; transaction is accretive to free cash flow by >$7M/year net of reduced ECP cash generation.","ECP serves 120,000 members with 1,000+ physicians in Medicare Shared Savings Program; ~$10M current adjusted EBITDA.","Guides Q3 2025 rev $460-480M and Adj EBITDA $34-42M; FY2025 rev $1.85-1.88B and Adj EBITDA $140-165M excluding ECP.","CEO says divestiture allows focus on core specialty business and accelerates deleveraging; interest expense reduction ~$10M."],"urls":{"canonical":"https://secwatch.observer/filing/0001628908-25-000124","json":"https://secwatch.observer/filing/0001628908-25-000124.json","markdown":"https://secwatch.observer/filing/0001628908-25-000124.md","text":"https://secwatch.observer/filing/0001628908-25-000124.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1628908/000162890825000124/0001628908-25-000124-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1628908/000162890825000124/evh-20250923.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T05:53:04.569903+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}