WASHINGTON, March 27, 2017 /PRNewswire/ -- Evolent Health, Inc.
(NYSE: EVH), a company providing an integrated value-based care platform to the nation's leading health systems and physician
organizations ("Evolent Health"), today announced the launch of an underwritten secondary public offering of 7,500,000 shares of
its Class A common stock to be sold by UPMC, certain affiliates of TPG Global, LLC ("TPG"), The Advisory Board Company and
Ptolemy Capital, LLC (together, the "Selling Stockholders"). The underwriters have a 30-day option period to purchase up to
1,125,000 additional shares of Class A common stock from the Selling Stockholders.
J.P. Morgan Securities LLC and Goldman, Sachs & Co. are acting as joint book-running managers and underwriters for the
offering.
Neither Evolent Health nor any of its directors, officers or other stockholders is offering any shares of Class A common stock
in the offering. Evolent Health will not receive any proceeds from the sale of shares of Class A common stock by the Selling
Stockholders, including from any exercise by the underwriters of their option to purchase additional shares from the Selling
Stockholders.
A registration statement (including a base prospectus) relating to these securities has been filed with the U.S. Securities
and Exchange Commission (the "SEC") and has become effective. Before you invest, you should read the base prospectus in that
registration statement and other documents filed with the SEC for more complete information about Evolent Health and this
offering. You may obtain these documents free of charge by visiting EDGAR on the SEC's website at www.sec.gov.
The offering will be made only by means of a preliminary prospectus supplement and the accompanying base prospectus.
Copies of the preliminary prospectus supplement and the final prospectus supplement, when available, and the accompanying base
prospectus relating to the offering may be obtained from J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155
Long Island Avenue, Edgewood, NY 11717 or by telephone at (866) 803-9204; or Goldman, Sachs
& Co., Attention: Prospectus Department, 200 West Street, New York, NY 10282, or by
telephone at (866) 471-2526, facsimile at (212) 902-9316, or email at prospectus-ny@ny.email.gs.com.
This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of,
these shares of Class A common stock in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful
prior to registration or qualification under the securities laws of such state or jurisdiction.
About Evolent Health
Evolent Health partners with leading health systems to drive value-based care transformation. By providing clinical,
analytical and financial capabilities, Evolent Health helps physicians and health systems achieve superior quality and cost
results. Evolent Health's approach breaks down barriers, aligns incentives and powers a new model of care delivery resulting in
meaningful alignment between providers, payers, physicians and patients.
Forward-Looking Statements – Cautionary Language
Certain statements made in this press release and in other written or oral statements made by us or on our behalf are
"forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 ("PSLRA"). A
forward-looking statement is a statement that is not a historical fact and, without limitation, includes any statement that may
predict, forecast, indicate or imply future results, performance or achievements, and may contain words like: "believe,"
"anticipate," "expect," "estimate," "aim," "predict," "potential," "continue," "plan," "project," "will," "should," "shall,"
"may," "might" and other words or phrases with similar meaning in connection with a discussion of future operating or financial
performance. In particular, these include statements relating to future actions, trends in our businesses, prospective
services, future performance or financial results and the outcome of contingencies, such as legal proceedings. We claim the
protection afforded by the safe harbor for forward-looking statements provided by the PSLRA. These statements are only
predictions based on our current expectations and projections about future events. Forward-looking statements involve risks
and uncertainties that may cause actual results, level of activity, performance or achievements to differ materially from the
results contained in the forward-looking statements. Although we believe the expectations reflected in the forward-looking
statements are reasonable, we cannot guarantee future results, level of activity, performance or achievements. Our Annual
Report on Form 10-K for the fiscal year ended December 31, 2016 and other documents filed with the
SEC include risk factors that could affect our businesses and financial performance. Moreover, we operate in a rapidly
changing and competitive environment. New risk factors emerge from time to time, and it is not possible for management to
predict all such risk factors.
Further, it is not possible to assess the effect of all risk factors on our businesses or the extent to which any factor, or
combination of factors, may cause actual results to differ materially from those contained in any forward-looking
statements. Given these risks and uncertainties, investors should not place undue reliance on forward-looking statements as
a prediction of actual results. In addition, we disclaim any obligation to update any forward-looking statements to reflect
events or circumstances that occur after the date of this press release.
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SOURCE Evolent Health, Inc.